Dogecoin (CRYPTO: DOGE) is the original meme coin, and it’s the most successful. Even though the fun and friendly dog coin has seen better days, it’s still worth about $25 billion as of Dec. 3.
After a brief post-election rally, Dogecoin has been in the red for most of 2025 and is down 53% year to date. If you were planning to invest while the price is low, you may want to reconsider.
Outside a few spikes here and there, Dogecoin has largely been trending downward since hitting $0.48 in December 2024. Buying the dip is a popular investing strategy, but there has to be a good reason to expect that an asset will recover. Otherwise, you’re just gambling.
Dogecoin doesn’t offer any unique value as a cryptocurrency. It lacks the built-in scarcity and name value of Bitcoin, and it does not offer an extensive blockchain ecosystem like Ethereum. You can use Dogecoin as a digital currency, but the same is true of many other types of cryptocurrency, so that’s far from a unique selling point.
Meme coins tend to fall off quickly once the hype fades away. In Dogecoin’s case, it reached an all-time high of $0.74 in May 2021, and then plummeted by over 90%, sinking as low as $0.05. With no real use case or growth catalysts on the horizon, Dogecoin could easily end up even lower within the next year.
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Lyle Daly has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy.
Should You Invest in Dogecoin? was originally published by The Motley Fool
