Is DOGE still worth buying? To be honest, it might not be necessary.

Quick Version

Currently, the market value of DOGE is 22 billion USD, making it the ninth largest cryptocurrency in the world. But how exactly does this thing make money? It's hard to say.

What is DOGE? A meme coin that appeared in 2013, it was originally just a joke. Now it has some practicality (supporting transactions and small payments), but there are almost no real enterprise-level applications.

How does the price move? This is the crux of the issue. The rise and fall of DOGE is not based on fundamentals, but purely on the emotions expressed on social media. When Bitcoin rises, it may follow suit, and it might also rise when macro data loosens, but often it does not. Because the supply is unlimited (50 billion new coins each year), long-term appreciation becomes very difficult.

A 50% increase in a month, halved in six months - this is the daily routine of DOGE. Its volatility is much more outrageous than other cryptocurrencies, basically a playground for gamblers.

Investment Advice

To be honest: Those who entered early made profits, while most of those entering now are just holding the bag. The easy money that has already been made has long been consumed.

Unless you are a day trader who can really profit from short-term fluctuations, DOGE doesn't help much with long-term wealth accumulation.

Want exposure to cryptocurrency? Instead of buying DOGE, consider a Bitcoin Spot ETF or crypto stocks (like Coinbase). Lower risk, good liquidity, and no need to deal with wallets.

Bottom line: DOGE is a form of entertainment, not an investment. Making money is because someone is buying in after you — this is not called investing, it's called gambling.