Should You Buy Dogecoin After Its 51% Slump in 2025? The Answer Might Surprise You

Core Insights - Dogecoin was created in 2013 by Billy Markus and Jackson Palmer as a joke, inspired by the "Doge" meme, but it reached a market capitalization of $90 billion in 2021 before experiencing significant volatility [1][2] - The cryptocurrency has struggled to establish a practical use case, with only 2,126 businesses accepting it for real-world payments, limiting its long-term value [6][5] - Speculative investments have driven Dogecoin's price fluctuations, with notable influence from Elon Musk, but the lack of a concrete development plan has led to substantial losses in value [7][8] Market Performance - Dogecoin's market cap peaked at $90 billion in 2021 but saw a drastic decline, losing over 90% of its value by mid-2022 [2][9] - The token experienced a 252% increase in 2024, outperforming other major cryptocurrencies, but has since dropped by 52% in 2025 [2][3] Challenges and Opportunities - The cryptocurrency faces a structural supply issue and lacks a sustainable use case, raising questions about its future potential [3][5] - Despite its status as a meme token, Dogecoin's inability to build sustainable momentum may indicate further losses ahead [9]