Why Is Dogecoin Up 13.4% This Week?

Group 1 - Dogecoin (CRYPTO: DOGE) has increased by 13.4% this week, correlating with gains in the S&P 500 and Nasdaq-100, which rose by 1.1% and 1.6% respectively [1][7] - The rise in Dogecoin is attributed to Bitcoin's nearly 10% increase this week, as investors respond to the U.S. government shutdown, with Bitcoin often referred to as "digital gold" during uncertain times [2][7] - Despite the correlation with Bitcoin, Dogecoin's value is highly speculative and driven by hype, making it a risky asset that should not be considered a serious investment [4][5] Group 2 - The Motley Fool Stock Advisor has identified 10 stocks that are considered better investment opportunities than Dogecoin, suggesting that Dogecoin is not a recommended buy at this time [5][8] - Historical performance of stocks recommended by the Motley Fool shows significant returns, with examples like Netflix and Nvidia yielding substantial profits for early investors [6]