Dogecoin, a meme token created in 2013, has a market cap of roughly $31.6 billion. Despite little real-world utility, it is one of the 10 largest cryptocurrencies globally. The token has thrived due to virality, with a 100% increase in the past year, benefiting from Trump’s pro-crypto administration.

Investing $1,000 in Dogecoin five years ago would now be worth over $60,000, providing a return of over 6,000%. Its performance is closely tied to the crypto sector, with higher volatility than Bitcoin. While rewarding for investors, its large supply and lack of real-world utility make it risky.

The Motley Fool Stock Advisor team identified the 10 best stocks to buy now, excluding Dogecoin. This caution is due to its substantial market cap without strong real-world utility. Historically, stocks recommended by them have shown exceptional returns, highlighting the potential for significant gains in the coming years.

Read more at Yahoo Finance: If You’d Invested $1,000 In Dogecoin 5 Years Ago, Here’s How Much You’d Have Today