Should You Invest in Dogecoin?
Key Points
Dogecoin has lost over half its value in 2025.
This meme coin has gone through similar phases before.
- 10 stocks we like better than Dogecoin ›
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.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Getty Images.
This probably isn't the bottom for Dogecoin
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.
Should you invest $1,000 in Dogecoin right now?
Before you buy stock in Dogecoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Dogecoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $540,587!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,118,210!*
Now, it’s worth noting Stock Advisor’s total average return is 991% — a market-crushing outperformance compared to 195% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of December 1, 2025
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.
Recommended Articles
