Will Dogecoin Reach $1 By the End of the Year?

It seems like there are an unlimited number of cryptocurrencies on the market these days. Despite a crowded field, Dogecoin (CRYPTO: DOGE) was one of the early ones, and it's still around. The dog-themed blockchain network was launched in 2013. It's impressive that it's remained relevant for more than a decade.

Dogecoin currently trades 82% off its peak (as of Dec. 12), a high-water mark that was established in May 2021. But the meme coin has skyrocketed 110,000% in the past 10 years, generating phenomenal gains for its hodlers (crypto lingo for holders) in the process. The price right now is $0.1367 per coin. But can Dogecoin reach $1 by the end of 2025?

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Dogecoin is trying to make the improbable happen

Investors who are hoping that Dogecoin hits $1 before this year ends are asking for a monster gain in the digital asset's price in less than three weeks. This translates to a whopping 630% return. To be clear, this outcome isn't going to happen. It's not realistic to expect any asset's price to rise so much in such a short period of time.

Nvidia has been the hottest stock in recent years. Before reaching its record high in October, it took the leading artificial intelligence enterprise 30 months for the share price to soar roughly the same amount as Dogecoin would need to. If this return happened in a few short weeks, investors, analysts, and economists would all be convinced that there is something fundamentally broken with the market.

Dogecoin's historical gain has been spectacular. However, investors have had to deal with tremendous amounts of volatility. And the market appears to be losing its enthusiasm for the token. Dogecoin's price has tanked 57% in 2025 alone. The entire crypto market, which has also been under pressure, has shed about 6% of its value this year.

If Dogecoin's price did get to $1 by year-end, it would imply that the blockchain carries a market cap of $152 billion. This exceeds the valuations of companies like Pfizer, Unilever, and Lowe's, all of which sell in-demand products and services to their customers.

Let's assume that before 2026 starts, there is unprecedented quantitative easing that leads to burgeoning federal debt and monumental currency debasement, Dogecoin's developers also introduce game-changing innovations on the blockchain that result in a surge in usage, and capital allocators decide to buy the meme coin at historic rates. These are all extremely favorable factors, but they aren't happening in isolation or together.

Is Dogecoin still a smart buy today?

Dogecoin's price surely won't increase by 630% during the rest of this year. Those with more tempered expectations, though, might still be interested in speculating. Does this digital asset still present a smart buying opportunity? It depends on how you allocate your hard-earned savings.

The only people who will be even remotely interested are those looking to gamble on short-term price movements. A look at Dogecoin's historical price chart will reveal that it experiences very short-term bursts in positive sentiment, followed by crashes. The token is driven by unpredictable hype cycles that naturally draw momentum traders looking for a quick profit.

If you're a long-term investor, which I view as the best way to play the markets, then it won't be hard to convince you to avoid Dogecoin like the plague. As mentioned, the investment community might slowly be forgetting about this blockchain project, as the price has been in a downward spiral. Unless there are some incredible catalysts on the horizon, this should continue.

Dogecoin doesn't add any real-world value, and its supply is constantly increasing, an unfavorable comparison with a key competitor. The crypto it followed, Bitcoin, is completely decentralized, and it has a fixed supply of 21 million coins. Bitcoin is also being integrated into the traditional financial services industry in various ways. It's the much better choice for investors who have a five- or 10-year time horizon.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Nvidia, and Pfizer. The Motley Fool recommends Lowe's Companies and Unilever. The Motley Fool has a disclosure policy.