PYPL - 3 Unstoppable Stocks That Can Leave Dogecoin in the Dust
Dogecoin (CRYPTO: DOGE) has been all over the news in 2021, and for good reason. By early May 2021, this meme-inspired cryptocurrency had gained over 12,000% since the start of 2021. And even now, when Dogecoin is more than 40% below its all-time high of $0.74, it is still 6,880% up so far this year (as of this writing).
But Dogecoin is extremely volatile, and is not backed by any asset. Its rally has been mainly fueled by Reddit hype and celebrity endorsements. Dogecoin has no significant competitive advantage over other cryptocurrencies -- be it transaction fees or payment speeds. Retail investors should stay away from such speculative investments to safeguard their portfolios from extreme ups and downs.
Instead, I have three companies in mind that are riding huge secular tailwinds and can grow dramatically in the coming months -- all without significantly increasing your portfolio risk. Let's see why PayPal Holdings (NASDAQ: PYPL) , Lemonade (NYSE: LMND) , and Novocure (NASDAQ: NVCR) fit the bill.
For further details see:
3 Unstoppable Stocks That Can Leave Dogecoin in the Dust