If you had invested 1,000 USD in Dogecoin 5 years ago, what do you have now?

Launched in 2013 as a joke, Dogecoin (CRYPTO: DOGE) still maintains its position in the top 10 largest cryptocurrencies in the world with a market capitalization of about 31.6 billion USD. This surprises many investors, especially in the context that Dogecoin does not have many significant real-world applications and often experiences strong volatility. The Power of Community and Its Spread on Social Media Dogecoin was originally created to mock the cryptocurrency boom, but its "fun" and "meme" nature has helped the coin become a phenomenon. The support from the community on social media platforms, along with many celebrities – including billionaire Elon Musk – frequently mentioning it, has transformed Dogecoin from a joke into a noteworthy investment asset. Recently, as the administration of President Donald Trump has made moves to support cryptocurrencies, the crypto market in general has benefited, and Dogecoin is no exception. Over the past 12 months, DOGE has increased by about 100%, continuing its strong growth trend. If you had invested 1,000 USD in Dogecoin 5 years ago, what would you have now? It is noteworthy that, although Dogecoin often moves in the same direction as Bitcoin and the majority of the crypto market, its volatility (beta) is much higher. This means that when the market rises, Dogecoin often rises stronger, but when the market falls, DOGE also drops deeper. However, looking back at the past 5 years, Dogecoin investors have truly "won big". An investment of 1,000 USD in DOGE 5 years ago is now worth over 60,000 USD – equivalent to a profit of over 6,000%. In comparison, the S&P 500 index – a common measure of the US stock market – has only increased by 87% during the same period, even though most of this time has been a bull market. Should You Invest in Dogecoin Right Now? Despite its impressive past performance, Dogecoin still carries many risks. With a large market capitalization but not many practical applications, along with an almost unlimited supply, Dogecoin is unlikely to become a long-term "store of value" like Bitcoin. Those who have "bet" on Dogecoin over the past 5 years have certainly been rewarded handsomely. However, with high volatility and a lack of practical application, this remains more of a speculative investment than a long-term strategy. The advice for current investors: only invest in Dogecoin the amount of money you are willing to lose. $DOGE {spot}(DOGEUSDT)