3 Reasons I Will Never Buy Dogecoin

• It's casual to reason that Dogecoin doesn’t lick a problem, which calls into question wherefore it exists successful the archetypal place.

• Dogecoin has precise fewer developers moving connected advancing the network.

• In my view, Bitcoin is the champion crypto plus to own, particularly erstwhile compared to Dogecoin.

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Look astatine Dogecoin's (CRYPTO: DOGE) terms chart, and you'll rapidly recognize conscionable however volatile the cryptocurrency has been. It makes owning a maturation tech banal look similar a locomotion successful the park. Nonetheless, the token has skyrocketed implicit the agelong term, generating monolithic wealthiness for bold speculators.

Even though the gains for immoderate person been life-changing, I take to enactment away. Here are 3 reasons wherefore I volition ne'er bargain Dogecoin.

The full cryptocurrency marketplace is valued astatine $3 trillion. Despite this being a important size, it's casual to reason that the immense bulk of these tokens don't lick a problem. In my view, Dogecoin falls into this bucket.

The crypto was launched successful 2013 arsenic a gag to Bitcoin. That's each determination was to it. Unlike Bitcoin, which aims to beryllium a superior monetary web than the existent fiat system, Dogecoin's proviso continues to grow with nary cap. And it lacks the scale, web effect, and marque spot of Bitcoin.

To its credit, Dogecoin has lasted this long, and it present sports a marketplace headdress of $23 billion, chiefly due to the fact that determination is simply a assemblage of supporters down it. This means that its terms tin chiefly beryllium driven by unpredictable hype cycles. But adjacent these mightiness beryllium a happening of the past.

Dogecoin's terms has tanked 48% successful 2025 (as of Nov. 19). And it trades astatine a stomach-churning 76% beneath its highest from May 2021. This indicates that the marketplace is starting to suffer involvement successful this integer asset.

In the satellite of cryptocurrencies, developers are a cardinal stakeholder group. They assistance to support and propulsion blockchain networks forward. Unfortunately, determination are lone 20 full-time developers moving connected Dogecoin. This pales successful examination to the 3,566 connected Ethereum and the 789 connected Bitcoin.

This adds to the erstwhile constituent astir Dogecoin not solving a problem. Developers don't truly spot the imaginable successful the network. And due to the fact that determination are precise fewer developers moving connected the Dogecoin blockchain, it dramatically reduces the likelihood that the crypto volition present invaluable real-world usage cases to market. Consequently, Dogecoin volition stay a instrumentality for speculation, supporting the presumption that it's thing much than a meme coin.