Dogecoin, a meme token created as a joke in 2013, now ranks as the eighth-largest cryptocurrency globally with a market cap exceeding $37 billion. Despite its popularity, Dogecoin lacks real-world utility, grows its token supply yearly, and has a weak technical network without smart contract functionality. Its rise is attributed to viral social media marketing. A $500 investment in Dogecoin five years ago would now be worth over $44,000, boasting an impressive 8,730% return, far surpassing the S&P 500’s performance. However, analysts from Motley Fool Stock Advisor exclude Dogecoin from their list of top 10 stocks for investors, suggesting other options for better returns.

Read more at Yahoo Finance: If You’d Invested $500 in Dogecoin 5 Years Ago, Here’s How Much You’d Have Today