Your MEXC account is the easiest gateway into buying crypto. But before you can buy dogecoin, memecoin (DOGE) , you’ll need to open an account and pass KYC (Verify Identification). And what can you invest in with these accounts? A good place to start may be using these accounts to invest in highly diversified, low-cost index funds. They may not be as exciting as Dogecoin — don’t expect any 13,000% gains here — but they’re a lot less volatile and, in the long term, returns are more consistent. Over the past several decades, the S&P 500’s annualized average returns comes out to about 10%. News and social media coverage can also drive Bitcoin’s price. For example, in early 2021, Dogecoin soared to a high of about 77 cents from about six pennies after Elon Musk– who cryptocurrency exchange platform often expresses his enthusiasm for Dogecoin on Twitter — announced that he will host SNL, setting off rumors that he would mention the alt-coin. However, when Musk ended up poking fun at Dogecoin instead, its price quickly plunged to less than 50 cents.