Core Viewpoint - Dogecoin has experienced a significant decline in 2025, with predictions indicating it may fall below one cent in 2026 due to changing investor sentiment and valuation comparisons with other meme coins [1][8]. Historical Performance - Dogecoin launched in December 2013 but only broke the penny barrier in January 2021, reaching an all-time high of $0.74 in May 2021, leading to substantial gains for some investors [2]. - Since its peak in May 2021, Dogecoin has been on a downward trend, currently trading 82% below its all-time high [3][8]. Market Sentiment and Valuation - The hype surrounding Dogecoin, particularly with endorsements from figures like Elon Musk, has not translated into sustained value, leading to a disappointing year for investors in 2025 [4]. - Dogecoin's valuation is questioned when compared to other meme coins, such as Shiba Inu, which has a market cap of $4.5 billion, suggesting that Dogecoin's current valuation of $20 billion may not be justified [6]. Potential Future Valuation - If investors begin to value Dogecoin similarly to Shiba Inu, with its large circulating supply of 152 billion coins, the price could drop to approximately $0.03 [7]. - A further comparison with Bonk, another meme coin with a market cap of $715 million, could imply an even lower price of around $0.004 for Dogecoin [9].