Can Dogecoin Reach 1 USD by 2035? Don't Get Your Hopes Up

Although AI is drawing attention strongly in the investment and technology circles, the rise of the cryptocurrency industry is one of the most prominent economic phenomena in recent times. With the current total market value reaching around 3.8 trillion USD, cryptocurrency is not only creating revolutionary changes but also making many bold speculators wealthy quickly. Among thousands of cryptocurrencies, Dogecoin is one of the most prominent names. Launched in 2013 as a joke to compete with Bitcoin, the coin inspired by the Shiba Inu dog image has become a pop culture icon. Although famous for its extremely strong volatility, Dogecoin has still recorded massive increases in the past. However, as of July 19, it is still trading 67% lower than the historical peak set in May 2021. So can Dogecoin increase 4 times from the current level of ( around 0.24 USD) to reach 1 USD by 2035? Let's analyze the important factors to answer this question.

1. The Increase is Not Absurd In the world of cryptocurrency, where prices can fluctuate by tens of percent in just a few hours, it is entirely possible for a token to increase in value by 4 times over 10 years. In fact, Dogecoin has increased by more than 143,300% over a decade ( as of July 2025). However, the "law of large numbers" effect makes the likelihood of repeating this increase very low. However, the fourfold increase over 10 years – from 0.24 USD to 1 USD – corresponds to a compound annual growth rate (CAGR) of only about 14.9%, a figure that can be seen in stocks with good average performance.
2. Price Based on "Hype" – Not Real Value A clear weakness of Dogecoin is the lack of intrinsic value. Unlike blockchains like Ethereum or Solana that provide a platform for decentralized applications (dApps), smart contracts, or decentralized finance (DeFi), Dogecoin does not address any real-world issues. Initially, Dogecoin was simply created to "mock" Bitcoin. Its founders – Jackson Palmer and Billy Markus – have even withdrawn from the Dogecoin community for a long time. Without an active development team, Dogecoin currently does not rank in the top 100 blockchains with the most robust development activity. This means that Dogecoin lacks the ability to improve its software, expand its features, or have practical applications, which are key factors to draw attention from users and increase long-term value. Instead, the price of DOGE is often driven by hype cycles, such as tweets from Elon Musk or viral stories on social media. When the "hype" fades, the price also tends to plummet.
3. The Biggest Competitor: Bitcoin Compared to Dogecoin, Bitcoin remains a more attractive option for long-term investors. Over the past 3 years, the value of Bitcoin has increased by 460%, while Dogecoin has only risen by 232% – a clear indication that market interest in DOGE is declining. In addition, the supply-side economics is also a major disadvantage for Dogecoin. Bitcoin has a supply cap of 21 million coins, creating natural scarcity. In contrast, Dogecoin has no supply limit, with 10,000 DOGE created every minute, equivalent to about 5 billion DOGE per year. Such supply inflation reduces investment appeal and makes long-term price increases more difficult. Conclusion: Should Stay Away from Dogecoin The prospect of Dogecoin reaching 1 USD by 2035 is not impossible, but it entirely depends on temporary hype, not on actual value. With no real-world application, no dynamic development team, and no technological advantage, Dogecoin resembles a "lottery ticket" more than a serious investment. Meanwhile, Bitcoin – with its scarcity, widespread acceptance, and increasingly expanding financial infrastructure – is a more reliable option for those looking to invest in cryptocurrency in the long term. 👉 Therefore, if you are considering investing, stay away from Dogecoin and instead look for projects with real value, application potential, and sustainable development platforms.