Market_Update

These are good times in the world of cryptocurrencies. The bull market is in full flow and was further fueled by last week’s passing of the Genius Act, legislation that establishes a broad nationwide regulatory structure for stablecoins. is sitting near its most recent high, riding the ongoing momentum, and, as is often the case, other coins have been joining in the fun.
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One of the more surprising beneficiaries of this rally is meme coin king (), which has gained 22% over the past week. While it still sits well below its all-time high, its $40 billion market cap places it ahead of more than 200 S&P 500 companies.
“So,” says investor Justin Pope, “to say Dogecoin has been successful probably is an understatement.”
That success is even more remarkable when you consider Dogecoin began as a joke. Created on a whim, it was never meant to be taken seriously, yet its supporters have propelled it into the ranks of the elite.
But with the latest surge grabbing headlines once again, the bigger question now is whether investors should take the token seriously today.
Pope urges caution. As a meme coin, Dogecoin was never designed for broad real-world utility. Its biggest rallies have aligned with bursts of market exuberance, such as the “zero-percent interest rate” boom of 2020–2021 and the post-election crypto rally that followed Donald Trump’s 2024 victory. His pro-crypto stance helped lift investor sentiment, but such moments tend to be fleeting.
Indeed, Dogecoin’s history shows that its rallies are often short-lived. With limited fundamental use cases – mainly online tipping and a handful of minor applications – Its price is largely dictated by investor sentiment.
“Without something to get investors excited, there isn’t much reason for Dogecoin’s price to increase,” the investor explains.
Adding to the challenge is Dogecoin’s ever-expanding supply. With 10,000 new coins minted every minute and no supply cap in place, inflationary pressure continuously weighs on the token. This dynamic makes it difficult for DOGE to sustain gains.
“That’s why if Dogecoin’s price does jump higher, you probably shouldn’t count on it staying up,” Pope cautions.
Still, for those approaching it with the right mindset, Dogecoin can have a place in a portfolio – just not a serious one.
“There’s nothing inherently wrong with putting a bit of money into Dogecoin,” says Pope, likening it to spending extra cash at a casino. The key is to treat it as entertainment, not as a core investment.
“Don’t let some good luck and price appreciation make you forget that Dogecoin is a meme coin for a reason,” Pope advises. “Invest in Dogecoin and other meme coins responsibly, so something intended as a light-hearted joke doesn’t become a profound tragedy for your portfolio.”

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