Should You Buy Dogecoin While It's Less Than $0.25?

Dogecoin’s value has spiked throughout earlier moments of optimism in cryptocurrency markets.
Nonetheless, the meme coin hasn’t traded above $0.25 for lengthy.
Shopping for Dogecoin for lower than $0.25 might make you cash, but it surely’s essential to set the correct expectations.
10 stocks we like better than Dogecoin ›

The free regulatory nature of the cryptocurrency market has led to an inflow of meme cash, cryptocurrencies that lack significant real-world utility however can appeal to traders as a result of their enchantment as a joke, as a result of they’re affiliated with somebody or one thing in style, or for another superficial cause.

Dogecoin (CRYPTO: DOGE) is the unique meme coin. It was created as a joke, however Dogecoin’s value has risen by greater than 50,000% since 2014. These returns are not any joke.

It’s been a unstable journey, although. Dogecoin is at present on a slide, having dropped to lower than $0.20 after hovering to greater than $0.46 in late 2024. With Bitcoin setting new highs recently, ought to traders purchase Dogecoin at lower than $0.25 and trip the prepare?

Here’s what you have to know.

Shiba Inu dog — Picture supply: Getty Pictures.

Dogecoin was round for some time earlier than its reputation exploded in 2021. The meme coin has a big and supportive neighborhood and is a completely functioning cryptocurrency — which means folks can use it as a digital forex on the few locations the place it is accepted.

Throughout the previous 5 years, Dogecoin’s value has surged to $0.25 or larger a variety of instances. Nonetheless, it has struggled to remain there. Earlier rallies have occurred during times of excessive cryptocurrency optimism, comparable to 2020-2021, and instantly after the 2024 election, when traders cheered an incoming president who had campaigned on a pro-cryptocurrency message.

Keep in mind, investor sentiment is essential to Dogecoin’s value as a result of cryptocurrencies lack underlying earnings or tangible property to assist their worth. Their costs rely in the marketplace’s willingness to pay extra for tokens.

That willingness, or the demand for the cryptocurrency, stems from three key elements: utility, tokenomics, and competitors.

Dogecoin has issues in all three areas, which might proceed to work in opposition to it over time.

First, Dogecoin lacks important utility. Its reputation has resulted in some adoption: For instance, some funding corporations hope to launch Dogecoin exchange-traded funds (ETFs), which is a step in the appropriate path, and a few retailers will settle for it as fee. Nonetheless, Dogecoin is used for trades, ideas, and donations primarily inside its neighborhood. Meme cash usually aren’t supposed for a lot else.

Ethereum Gains Strength, Dogecoin Holds $0.24, BlockDAG’s $0.0016 Price Ends August 11

August 5, 2025

Bitcoin’s Plunge Has Prompted Global Crypto Investors To Use The Best Cloud Mining DNSBTC To Earn A Fixed Daily Income

August 4, 2025

Second is Dogecoin’s tokenomics. Many view Bitcoin as an anti-inflationary digital asset as a result of its growing adoption and capped provide. However Dogecoin has a limiteless most provide, and miners earn about 10,000 tokens per minute. This ever-increasing provide has a lot the identical impact on Dogecoin’s value that share dilution has on an organization’s inventory.

Third, there may be competitors from newer meme cash. Many traders make investments small sums in meme cash for enjoyable. They usually aren’t a severe part of a portfolio. Dogecoin’s identify recognition helps it, however traders might go for completely different meme cash when newer, hotter tokens go viral. Less investor curiosity means decrease costs.

The details of Dogecoin and different meme cash are to have enjoyable and construct neighborhood round your favourite tokens. So it is completely fantastic to purchase Dogecoin right now, as lengthy you are not spending a significant amount of cash or critically anticipating a revenue.

In fact, Dogecoin might spike and go to $0.25 and past, simply because it has earlier than. And should you purchase Dogecoin and it occurs to make you cash, then that is nice! Simply do not depend on it.

Dogecoin, like different meme cash, shouldn’t be thought-about an even bigger deal than it’s. It’s all about getting into with the correct expectations.

Before you purchase inventory in Dogecoin, think about this:

The Motley Idiot Inventory Advisor analyst staff simply recognized what they imagine are the 10 best stocks for traders to purchase now… and Dogecoin wasn’t certainly one of them. The ten shares that made the minimize might produce monster returns within the coming years.

Take into account when Netflix made this listing on December 17, 2004… should you invested $1,000 on the time of our advice, you’d have $651,049!* Or when Nvidia made this listing on April 15, 2005… should you invested $1,000 on the time of our advice, you’d have $828,224!*

Now, it’s price noting Inventory Advisor’s whole common return is 979% — a market-crushing outperformance in comparison with 171% for the S&P 500. Don’t miss out on the newest high 10 listing, obtainable while you be part of Inventory Advisor.

See the 10 stocks »

*Inventory Advisor returns as of June 2, 2025

Justin Pope has no place in any of the shares talked about. The Motley Idiot has positions in and recommends Bitcoin. The Motley Idiot has a disclosure policy.

Should You Buy Dogecoin While It’s Less Than $0.25? was initially printed by The Motley Idiot

Source link