The year 2025 is not looking very positive for Dogecoin (CRYPTO: DOGE). Since the beginning of the year, this cryptocurrency has dropped by as much as 32%, making it one of the worst-performing cryptocurrencies among the larger coins. Meanwhile, Bitcoin (CRYPTO: BTC) – the 'king' of the market – has increased by 22% and even reached a new historical peak of 124,000 USD in the summer.

What keeps Dogecoin – a coin originally created as a joke – still in the top 10 largest cryptocurrencies in the world? And why do many investors still believe that Dogecoin has growth potential?

1. The Power Comes from Huge Supply

The key point when talking about Dogecoin is its extremely large circulating supply – currently around 150.5 billion DOGE.

Thanks to this, even though each DOGE is only priced at 0.21 USD, its market cap still reaches 31.5 billion USD. This is why Dogecoin is still mentioned whenever investors discuss 'potential' coins – simply because math doesn't lie:

A massive quantity × small value = an enormous market cap.

This story also explains why many new meme coins are launched with a super large supply. Because their intrinsic value is almost 0, to achieve a high ranking in market capitalization, the supply must be in the trillions.

  • Pepe (CRYPTO: PEPE): 420 trillion tokens in circulation.

  • Shiba Inu (CRYPTO: SHIB): 589 trillion tokens in circulation.

Thanks to this enormous supply, even though the price is almost 0, it can still rank among the top 30 largest cryptocurrencies in the world.

2. The Biggest Problem of Dogecoin – Unlimited Supply

Unlike Bitcoin – with a maximum of 21 million BTC issued throughout history, Dogecoin has no supply limit.
This means that DOGE will continue to be inflated over time, and its value risks being gradually diluted.

For long-term investors, this is a significant downside. Bitcoin is seen as 'digital gold' because of its scarcity. In contrast, Dogecoin resembles a currency that keeps printing more, lacking the element of preserving value in the long run.

3. Unique Value: Brand and Humor

Despite being criticized for its technical aspects and utility, Dogecoin still possesses an intangible value – its brand.

The image of the cute Shiba Inu dog – the symbol of Dogecoin – has become an Internet culture meme.

  • Mark Cuban once accepted DOGE to buy tickets for NBA games and merchandise from the Dallas Mavericks (mainly for marketing).

  • Elon Musk has mentioned DOGE several times on Twitter and even named a fictional government agency (Department of Government Efficiency – DOGE) after this coin.

The humorous, funny factor and the loyal community have helped Dogecoin survive to this day.

4. Should You Invest in Dogecoin?

After more than a decade, Dogecoin has never surpassed the 1 USD mark, despite receiving support from famous tech billionaires.

If you are looking for a serious, long-term investment, Dogecoin is not the ideal choice.

However, if you just want to participate in the world of cryptocurrency for fun, holding a little DOGE can bring a sense of excitement – just like buying a lottery ticket.

Conclusion

Dogecoin may continue to exist thanks to its strong brand and supportive community. But in terms of investment, it is not 'digital gold,' but merely a meme coin that survives on attention. For those seeking sustainable value, it may be time to look at other options.