Group 1 - Dogecoin has been highly volatile, with significant long-term gains for speculators, but it is viewed as a risky investment [1][5] - The cryptocurrency market is valued at $3 trillion, but Dogecoin is considered not to solve any real problem, which raises questions about its existence [3][4][7] - Dogecoin's market cap is currently $23 billion, but it has seen a 48% decline in 2025 and is trading 76% below its peak in May 2021, indicating waning market interest [5] Group 2 - The developer community for Dogecoin is very small, with only 20 full-time developers compared to thousands for Ethereum and Bitcoin, which limits its potential for innovation [6][7] - The lack of a robust developer community suggests that Dogecoin will remain primarily a speculative asset and reinforces its classification as a meme coin [8]
3 Reasons I Will Never Buy Dogecoin
Yahoo Finance·2025-11-23 16:28