Although AI is attracting significant attention in the investment and technology community, the rise of the cryptocurrency industry is one of the most prominent economic phenomena in recent times. With a current market capitalization of approximately $3.8 trillion, cryptocurrency not only brings about revolutionary changes but also makes many bold speculators rich quickly.
Among thousands of cryptocurrencies, Dogecoin is one of the most prominent names. Launched in 2013 as a joke to compete with Bitcoin, the coin inspired by the Shiba Inu dog image has become a pop culture symbol. Despite being known for its extreme volatility, Dogecoin has recorded huge increases in the past. However, as of July 19, it is still trading 67% lower than the historical peak set in May 2021.
So can Dogecoin increase fourfold from its current level (around $0.24) to reach $1 by 2035? Let's analyze the key factors to answer this question.
1. Increase Not Just a Fantasy
In the world of cryptocurrency, where prices can fluctuate by tens of percent in just a few hours, a token quadrupling in price over 10 years is entirely possible.
In fact, Dogecoin has increased over 143,300% over a decade (as of July 2025). However, the "law of large numbers" makes the likelihood of repeating such increases very low.
Nevertheless, a fourfold increase over 10 years – from $0.24 to $1 – equates to a compound annual growth rate (CAGR) of only about 14.9%, a figure that can definitely be seen in stocks with good average performance.
2. Price Based on "Hype" – Not Real Value
An obvious weakness of Dogecoin is its lack of intrinsic value. Unlike blockchains like Ethereum or Solana that provide a platform for decentralized applications (dApps), smart contracts, or decentralized finance (DeFi), Dogecoin does not solve any real-world problems.
Initially, Dogecoin was simply created to "mock" Bitcoin. Its founders – Jackson Palmer and Billy Markus – even withdrew from the Dogecoin community long ago. Without an active development team, Dogecoin currently does not rank in the top 100 blockchains with the strongest development activity.
This means that Dogecoin lacks the ability to improve its software, expand features, or practical applications, which are key factors in attracting users and increasing long-term value.
Instead, the price of DOGE is often driven by hype cycles, such as tweets from Elon Musk or viral stories on social media. When the "hype" fades, the price follows suit with a sharp decline.
3. Biggest Competitor: Bitcoin
Compared to Dogecoin, Bitcoin remains a more attractive option for long-term investors. Over the past 3 years, the value of Bitcoin has increased by 460%, while Dogecoin has only increased by 232% – a clear sign that market interest in DOGE is waning.
Furthermore, the economics of supply is also a major disadvantage for Dogecoin. Bitcoin has a supply cap of 21 million coins, creating natural scarcity. In contrast, Dogecoin has no supply limit, with 10,000 DOGE created every minute, equivalent to about 5 billion DOGE per year. Such supply inflation reduces investment appeal and makes long-term price increases more challenging.
Conclusion: Best to Avoid Dogecoin
The prospect of Dogecoin reaching $1 by 2035 is not impossible, but it entirely depends on temporary hype, not on real value. Without practical applications, a dynamic development team, and a technological advantage, Dogecoin resembles a "lottery ticket" more than a serious investment.
Meanwhile, Bitcoin – with its scarcity, widespread acceptance, and increasingly expanding financial infrastructure – is a more reliable option for those wanting to invest in cryptocurrency for the long term.
👉 Therefore, if you are considering investing, stay away from Dogecoin and instead look for projects with real value, application potential, and a sustainable development foundation.