Unique risks
HELLO is a very new and unproven company. It's still in the process of rebranding from Doge Dash, and it hasn't launched its own crypto token yet. Although it has laid out lofty goals, the only completed project from this team so far is Doge Dash, a mildly successful crypto game, and its corresponding NFT collection.
There isn't much to go on to evaluate HELLO or gauge its chances of success. The website only provides basic information on what's coming next, and the projects look underwhelming. Is the world really clamoring for Crypto Cribs, which will showcase how "the stars of the Web3 generation" spend their time and money? It sounds like MTV Cribs without any famous people.
The company is obviously planning much more than that, with aspirations to become a crypto entertainment ecosystem. However, the world of crypto is known for companies that overpromise and underdeliver. Until HELLO launches a few quality projects, it's just one of the many companies planning to be the next big thing.
Is Doge Dash/HELLO a good investment?
Doge Dash and HELLO aren't recommended as investments. The company as a whole hasn't done much to distinguish itself from all the other play-to-earn crypto games and crypto entertainment companies out there.
In terms of performance, we only have Doge Dash to go on since HELLO is still in the development process. Doge Dash started out hot, gaining more than 8,500% in its first month. Like most crypto tokens named after the Doge meme, it went downhill after its initial success, losing more than 90% of its value in the following months.
HELLO is planning to offer more than just Doge Dash, but, as previously mentioned, the current lineup of projects doesn't exactly look like it will revolutionize the crypto or entertainment worlds. That is subjective, though, so the best way to decide whether to invest in HELLO is to check out its website yourself.
If anything, take a wait-and-see approach with HELLO. Although investing in cryptocurrency is a high-risk endeavor, there are better options out there, from more established coins to cryptocurrency stocks.
How to buy Doge Dash
The easiest way to get Doge Dash is on its website. Click "Buy Coins," connect a blockchain wallet, and choose a cryptocurrency to trade for Doge Dash. You can also trade for Doge Dash on PancakeSwap (CAKE +1.70%), a decentralized crypto exchange.
There's no way to buy Doge Dash with fiat currency, and it's not available on any of the top crypto exchanges. The only way to get it is to trade for it with other types of cryptocurrency.
Keep in mind that you'll need to migrate your DOGEDASH tokens when the HELLO cryptocurrency launches. If you don't want to worry about this, it's better to wait for HELLO tokens to be available.
Doge Dash had some success by adding a crypto twist to a classic video game formula. Investors should be cautious about its new HELLO brand because going from a game to an entertainment ecosystem is a considerable jump.
