Should You Buy Dogecoin While It's Under $1?
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Dogecoin experienced a significant rally in 2024, driven by political developments and Elon Musk's involvement, but fundamental issues like limited adoption and unlimited supply continue to challenge its long-term value proposition. The cryptocurrency, which peaked at $0.73 in 2021, has since declined substantially and currently trades around $0.17.
March 25, 2025 | 8:45 am
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Dogecoin's recent gains driven by political developments are unsustainable due to lack of real-world utility and unlimited token supply.
The article highlights multiple challenges for Dogecoin: minimal business adoption (only 2,061 businesses accept it), unlimited token supply, and a history of speculative volatility. These factors suggest continued downward price pressure.
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