The investment logic for Dogecoin as a meme coin primarily revolves around its vibrant community and speculative appeal. Originating from the "Doge" meme, Dogecoin thrives on social media hype, particularly on platforms like X, where endorsements from figures like Elon Musk can trigger massive price surges. Its low price per coin makes it accessible to retail investors, fueling a "lottery-like" mentality that drives FOMO (fear of missing out). However, with no supply cap and limited real-world utility, its value is heavily tied to market sentiment rather than fundamentals, making it a high-risk, momentum-based investment.