Dogecoin’s investment logic as a meme coin hinges on its viral potential and low entry barrier. Its meme origins and strong online community create a feedback loop of hype, amplified by social media and celebrity endorsements, leading to rapid price spikes. The coin’s low nominal price attracts retail investors seeking quick gains, despite its inflationary supply (no cap, ~5 billion new coins annually) and minimal technical utility compared to major cryptocurrencies. Investors bet on short-term momentum driven by cultural trends, but the lack of intrinsic value and extreme volatility pose significant risks.