Dogecoin’s investment logic stems from its status as a cultural phenomenon, embodying a playful rebellion against traditional finance. The community’s positive sentiment, often expressed through memes and X-driven campaigns, creates viral momentum that spikes demand, as seen during 2021’s retail-driven surge. This cultural appeal attracts speculative traders betting on short-term gains, but it also drives extreme volatility, with prices fluctuating wildly based on social media trends or celebrity tweets. While the community’s resilience sustains interest, Dogecoin’s lack of technological edge compared to Ethereum or Solana limits long-term stability, making it a high-risk, sentiment-driven bet.