Is there still a chance for meme coins as Dogecoin DOGE soars by 27

Coin World Report:


Dogecoin (DOGE) has gained attention due to its recent price surge and increased network activity. In the past seven days, Dogecoin has surged nearly 15%, and it has risen 27% for the entire month. Over the years, this asset has indeed experienced growth. Looking back, investing a small amount of money in Dogecoin a few years ago would have yielded huge profits.
Years of growth for Dogecoin
At the time of writing, DOGE is trading at $0.1395, with a 2% increase in the past 24 hours. Despite the recent uptick, the OG meme token is still 81% lower than its all-time high of $0.7376.


Despite being seen as a joke, Dogecoin has achieved significant growth. Looking back, a $100 small investment about five years ago (in 2019) would have brought life-changing returns for many. According to calculations, $100 would have turned into $5,400. This is a 122% annual return rate or a total return rate of 5,300%.
Although Dogecoin may not make millionaires, the aforementioned surge is undoubtedly significant. It also proves that holding assets for the long term can bring considerable returns.
Is it too late to buy Meme coins now?
In 2024, Dogecoin may still be a wise investment. However, it should be noted that it should only be part of a portfolio if investors are fully aware of all potential risks in the cryptocurrency industry.
Some continue to see potential in OG meme coins supported by Tesla’s Elon Musk. But others point out that DOGE lacks utility, which is a major drawback of the network.
But all things considered, Dogecoin is a good choice in terms of cryptocurrency assets because it has a large and loyal community, a good reputation, a huge market capitalization, and is listed on multiple cryptocurrency exchanges. It has strong fundamentals and prospects for future price growth.