Dogecoin (DOGE), initially a meme coin, has gained traction due to Elon Musk’s tweets and community support. While Musk’s influence drives short-term price surges, long-term value depends on utility and adoption. Dogecoin’s strong, active community fosters its popularity, but its lack of advanced technology or use cases limits its competitiveness. The coin’s inflationary supply model also contrasts with Bitcoin’s scarcity, affecting its store-of-value potential. To assess its long-term viability, monitor developments in merchant adoption, network upgrades, and community engagement. While DOGE remains a cultural phenomenon, its future hinges on transitioning from hype-driven speculation to real-world utility and sustained ecosystem growth.