Dogecoin lost 90% of its value in 2022 and could decline further

From Nasdaq: 2025-04-16 04:18:00

Dogecoin (CRYPTO: DOGE) was created in 2013 as a joke inspired by the Doge meme. It became valuable in 2021 with a market cap of $90 billion, but lost 90% of its value in 2022 due to lack of real use case. Trump and Musk boosted it in 2024 with a 251% gain.

Trump’s presidency saw Dogecoin surge, but tariffs led to a 66% drop from its high. Structural issues include lack of adoption for payments and unlimited supply. The recent crash indicates a possible 65% further decline, mirroring the 2022 collapse.

Investors should be cautious about investing in Dogecoin as the recent decline may not be a buying opportunity. The lack of fundamental changes and potential further downside make it a risky investment. The Motley Fool’s top 10 stocks to buy does not include Dogecoin, suggesting better investment options.



Read more at Nasdaq: Dogecoin Crashed Below $0.20. Buy the Dip, or Run for the Hills?