Main Highlights
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Cryptocurrency has gained traction as a popular alternative investment option in recent years.
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Dogecoin has emerged as a favorite among retail investors in the crypto market.
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The price of Dogecoin is known for its significant volatility.
- 10 stocks with better potential than Dogecoin ›
Historically, investing in the S&P 500 has proven to be a reliable method for generating wealth. However, it’s essential to maintain a long-term investment horizon—often decades—to truly benefit from compound interest.
While stocks can be effective for building wealth, some investors prefer to diversify into alternative assets such as real estate, art, collectibles, and cryptocurrencies.
In the world of crypto, some investors have been fortunate enough to turn small investments into considerable wealth through assets like Bitcoin and Ethereum, both of which have shown significant price growth over the past few years.
Consequently, many are on the lookout for the next cryptocurrency that could experience a major surge. Among them, Dogecoin (CRYPTO: DOGE), which is currently valued at around $0.12, stands out as a popular choice.
Performance of Dogecoin Since Launch
Upon its launch in 2013, Dogecoin was worth only a fraction of a cent, around $0.0002. With its current price near $0.12, Dogecoin has seen an astounding price increase of 60,000%. This suggests that a $1,000 investment made at the time of its launch would now be worth approximately $600,000.
Is Dogecoin a Wise Investment?
While it’s evident that investors can profit from Dogecoin, the question is whether it’s a sensible investment for the discerning investor.
Initially developed as satire by Billy Markus and Jackson Palmer, Dogecoin was a playful response to the emerging digital asset market. Though it’s possible to earn money in almost any investment, many investors overlook how crucial timing and luck are to their profits. For instance, investing in Dogecoin can feel akin to playing the lottery.
Conclusion: The Reality of Dogecoin Investments
Examining Dogecoin’s five-year price trends reveals a consistent theme of volatility. Despite its notable appreciation since launch, it currently trades 81% below its highest value. This dramatic fluctuation is largely due to Dogecoin being classified as a meme coin, with its price swayed by social media narratives and hype.
Given its unpredictable nature, timing is crucial if you choose to invest in Dogecoin. Savvy investors recognize that timing the market is often a futile effort and that more secure investments, like Bitcoin and Ethereum, offer a better chance at wealth accumulation.
Is Now the Right Time to Invest in Dogecoin?
Before making a decision to invest in Dogecoin, consider this:
The Motley Fool Stock Advisor analysts have recommended their top 10 stocks for immediate consideration—Dogecoin is not included. The selected stocks have strong potential for returns in the near future.
Notably, the Stock Advisor service has an impressive average return of 972%, far outpacing the S&P 500’s 193%. Don’t hesitate to check out the latest top-10 list and connect with an investing community dedicated to individual investors.
*Stock Advisor returns are as of December 22, 2025.
Adam Spatacco holds no positions in the stocks mentioned. The Motley Fool recommends Bitcoin and Ethereum and has shares in Coinbase Global. For further details, refer to the disclosure policy.
The opinions and views expressed here are those of the author and do not necessarily represent those of Nasdaq, Inc.
