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Dogecoin’s price is well off its peak from nearly five years ago, and it’s showing no signs of making a recovery.
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Bitcoin has stronger brand recognition and deeper liquidity, and there’s an impressive financial services infrastructure supporting it.
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During the next decade, it’s obvious that one cryptocurrency will produce a better return.
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During the past decade, Bitcoin‘s (CRYPTO: BTC) price is up an awe-inspiring 20,260% (as of Jan. 8). This crushes the stock market’s performance. However, it hasn’t always been a smooth. In 2025, the top digital asset lost 6% of its value, adding fuel to the fire for the critics who believe Bitcoin’s best days are in the past. Maybe it’s time to look at other opportunities.
Should you forget about the world’s dominant cryptocurrency and buy Dogecoin, a popular meme coin, instead?
Dogecoin’s gain in the past 10 years far outpaces Bitcoin’s. The dog-themed token has seen its price skyrocket 81,110% since early January 2016. To further showcase just how incredible this return is, that monster gain would’ve turned a $10,000 starting investment into $8.1 million today. Dogecoin’s early believers who were able to buy and hold on through the wild swings have been rewarded with life-changing wealth.
It looks like interest in Dogecoin is waning, though. The token’s recent price of $0.14 sits about 80% below its peak from May 2021. There haven’t been durable catalysts that can sustainably lift the price. Dogecoin experiences short bursts of market hype followed by rapid declines. This might make it a hot bed for speculators who think they can accurately time the market in an effort to achieve quick profits.
From a fundamental perspective, there’s not much to be excited about. Dogecoin’s current full-time developer community includes 21 people working to advance the blockchain network. Meanwhile, Bitcoin has 833 full-time developers. These are smart and talented computer scientists and software engineers who are choosing where to spend their time, indicating that Dogecoin doesn’t have much promise in terms of utility. The only thing it has is the community, which isn’t much to rest a long-term investment thesis on.
Investors shouldn’t ignore Bitcoin in favor of Dogecoin. Over any random month or quarter, Dogecoin could surely outperform Bitcoin. But if you’re thinking about the best option with a decade-long time frame, the best choice is very obvious.