Dogecoin

Dogecoin (DOGE -17.67%) was never really supposed to be a functional cryptocurrency. It’s a clone of a clone of Bitcoin with a few funny tweaks to the code, intentionally making Dogecoin less secure and less valuable in the long run.

Yet, its adorable dog mascot and support from popular meme lords made Dogecoin one of the most valuable cryptos on the planet. With a $37.6 billion market cap as of Oct. 9, it would be a mid-range member of the S&P 500 (SNPINDEX: ^GSPC) if it were a stock, comparable to household names like Yum! Brands or Delta Air Lines.

But these things change over time. Five years ago, Dogecoin was only the 43rd-largest name in crypto, with a $328 million market value. About one-third of the coins ranked above it in 2020 have fallen out of the top-100 list, according to CoinMarketCap.

And I think Dogecoin’s days in the spotlight are numbered. Thanks to firmer regulation, the advent of crypto-based exchange-traded funds (ETFs), and the incoming Web3 trend, the top coins of the relatively near future will have to prove their worth with real-world usage. Dogecoin doesn’t have much to offer in that department. By 2030, I expect Chainlink (LINK -15.25%), Avalanche (AVAX -14.17%), and Polkadot (DOT -21.71%) to have passed Dogecoin’s market value.

Sorry Doge, these coins are stealing your lunch. Image source: Getty Images.

Let’s talk about the Web3 revolution

Spoiler alert: I’ll keep coming back to Web3 ideals in these explanations. Cryptocurrencies should go mainstream in that world, where internet users own their data, digital assets, and online identities through blockchain technology rather than relying on big tech companies.

I mean, most people may be unaware of the Web3 changes going on behind the scenes, and the best Web3 apps will surely look and feel like any other application. But the structural changes are still necessary, and that’s why I like this particular trio of future crypto giants.

1. Polkadot connects the crypto universe

On that note, I have to mention Polkadot. It’s the brainchild of the Web3 Foundation, founded by Web3 champion and Ethereum (ETH -6.65%) co-founder Gavin Wood.

Polkadot’s main purpose is to help app developers take full advantage of many other cryptocurrencies and blockchain ledgers. It connects to the other cryptos, easily transferring data between them and simplifying the design of complex crypto apps.

It’s also incredibly fast, which comes in handy when interacting with some of the highest-performance crypto systems available. And thanks to a recent community vote, there is now a hard cap on the number of Polkadot coins that will ever exist — making it as inflation-resistant as Bitcoin.

Polkadot is much smaller than Dogecoin today, with a market cap of just $6.6 billion. That value relationship should flip by 2030.

2. Smart contracts would be pretty dumb without Chainlink

Chainlink is another crucial Web3 component. The leading oracle coin collects real-world data and delivers it to blockchain systems, usually to trigger smart contracts.

Development ecosystems such as Ethereum and Polkadot often rely on Chainlink to collect critical data. Popular data feeds include stock market pricing, foreign exchange rates, weather reports, and sports results. Without these data feeds, the Web3 world would grind to a halt — and Chainlink is the top data provider by far.

Chainlink is currently the 11th-largest cryptocurrency, with a market capitalization of $15 billion. This figure should trend higher over the next few years as Dogecoin fades.

3. Avalanche brings eco-friendly speed to Web3

Finally, Avalanche is a high-performance alternative to Ethereum. This coin combines quick smart contract execution with an energy-efficient computing back-end, making Avalanche a popular platform for eco-friendly decentralized apps.

And the Avalanche-based app portfolio is growing by leaps and bounds right now. Fresh examples include a global social network for sports fans, a decentralized fine wine database, and digital tickets to the Latin American baseball championships of 2025. These projects all hit the public market in the last two weeks.

Avalanche’s market cap stands at $12.0 billion today, up from $7.7 billion six months ago. Avalanche is a vibrant cryptocurrency with a real shot at Web3 relevance. Sorry, Dogecoin — Avalanche will probably also eclipse you in the next five years.

XRP (XRP -1.75%) was built as payment scaffolding. Dogecoin (DOGE -1.09%) is the meme coin that keeps surprising people who bet against popular culture. These coins couldn’t be more different.

Both have posted big multiyear gains and made some investors into millionaires, with Dogecoin being the clear five-year standout, up by an absurd 9,780% compared to XRP’s gain of 1,090%. But if your goal is long-term wealth-building from here on out rather than an outrageously risky thrill ride, there’s a clear winner between these two. There are no guarantees in the world of investing or crypto, but let’s investigate which of these coins is more likely to still be a millionaire maker.

Image source: Getty Images.

XRP has decent odds for serious wealth-building

XRP’s core goal is to serve financial institutions and payment businesses across a handful of different functions.

Its chain, the XRPL, originally a platform for doing quick and cheap money transfers, is now a place where users can park value in stablecoins, process payments, access liquidity for settling trades in the traditional or cryptocurrency markets, and generate a yield from real-world assets (RWAs) like U.S. Treasuries.

Ripple, the company that issues XRP, has a go-to-market strategy that’s making the most of that architecture. Ripple recently secured a key license to offer regulated crypto payments in Dubai, a major international financial hub, and it has already onboarded a few clients after getting the approval.

It’s also in the process of getting similar permissions in many other global financial hubs so as to increase the chain’s addressable market. And securing that regulatory clarity to create bank-grade on-ramps to its network is exactly what institutional users require to commit real volumes and workflows.

The coin’s tokenomics and supply also support the long-term thesis for an investment. XRP’s maximum supply is 100 billion, which is gradually being released from escrow at regular intervals. Thus, investors won’t get their value significantly diluted over time.

But could the coin make investors millions?

Its market cap is currently upward of $180.2 billion. For that to dramatically increase, XRP would need to process a large portion of the global money transfer market, as well as onboard billions of capital from the traditional financial sector for management on the XRPL. It’s certainly possible for those things to happen, but only over a protracted period of time, and in the absence of strong competition. That means that you should not bet on it happening.

Dogecoin can still run

Dogecoin’s edge is its mindshare, which is unparalleled among meme coins and certainly one of the largest in the crypto sector in general.

In risk-on markets, it can rally sharply as attention snowballs, sometimes outpacing projects with vastly richer fundamentals, like XRP. While there’s no utility to owning Dogecoin, that hasn’t stopped it from gaining in value over time. In some sense, it’s that very property which keeps investors coming back for more, even though its crashes can be even more frightening than its run-ups are thrilling.

One big fly in the ointment is that its supply issuance schedule is bad for holders over the long term. A fixed 5 billion new DOGE are issued per year, so holders see their value consistently diluted. There is no hard cap on the coin’s total issuance; the value proposition, to the extent that there is one, therefore leans more on the coin’s culture remaining in vogue.

The challenge is thus durably creating and capturing economic value beyond periodic hype. Discussions about adding deeper utility have persisted for years in Dogecoin’s developer community, but most monetization pathways remain tentative compared to chains that already serve institutional workflows. In other words, Dogecoin can absolutely surge when big-picture trends are permissive and attention is high, but sustaining those gains without a hard cap or a cemented set of real-economy uses is harder.

If you’re looking for long-term compounding, predictable issuance without a ceiling is a structural headwind relative to capped-supply assets. That does not preclude strong runs, but it does raise the bar for calling it a millionaire maker from here.

There’s no need to overthink this one

Realistically, neither of these assets is likely to mint new millionaires from small stakes, as both are already quite large and probably can’t grow by the 100x that’d be necessary to really make new investors rich. But if you forced me to choose the more likely millionaire maker from today’s levels, and to say which I think would be the better asset for building wealth, I would pick XRP by a mile for both.

It has a clearer path to sustained, non-speculative demand via payments plumbing, bank-friendly regulatory compliance controls, and growing regulatory footholds, all of which are paired with a defined supply regime that won’t dilute holders’ value.

In contrast, Dogecoin has the bigger five-year highlight reel and can (and probably will) still pop impressively in risk-on periods, but its open-ended supply and still-nascent utility make it less likely to reliably compound in value over time. So consider an investment in XRP — but keep it small as you diversify your portfolio into more traditional investments — and hold off on even thinking about Dogecoin until it can offer some real utility, if it ever does.

It’s hard to argue with Dogecoin‘s (DOGE 0.68%) performance. In the past five years, this cryptocurrency has skyrocketed 8,740% (as of Sept. 30). It has taken its owners on a roller coaster ride, but the returns have been truly magnificent.

Right now, Dogecoin trades 66% below its record, established in May 2021. Should investors take advantage of the dip and spend $1,000 to buy this dog-inspired meme token right now?

Image source: Getty Images.

Betting on community support

Dogecoin was created in 2013 as a joke to rival Bitcoin. It deserves credit for building a strong community of supporters that has driven its market cap to $35 billion. However, when it comes to legitimate use cases, Dogecoin is lacking.

One key data point to keep in mind is developer activity. A report by Electric Capital reveals that Dogecoin is 97th on the top-100 list of blockchain networks when it comes to the total number of developers working on it. This is a bearish indicator, as it points to a low probability of critical innovation and advancements.

Buy the proven winner

The only market participants that should bet on Dogecoin are speculators looking to make a quick profit. The true long-term investors out there will have no problem avoiding this token. Compared to today, there’s a very real chance that Dogecoin will be worth less five or 10 years down the road.

When allocating $1,000 in capital to cryptocurrencies, it’s a smart idea to focus on a proven winner like Bitcoin.

Sometimes old dog meme coins can learn new tricks, and for Dogecoin, (DOGE 2.38%) that process may finally be underway. After years of little in the way of protocol changes, the coin’s developers are now circulating a few proposals that could expand Dogecoin’s capabilities in ways that actually matter.

Two ideas are on the table right now. If either gets developed and sees use, Dogecoin’s appeal might widen beyond memes and momentum. Here’s what’s being considered and how it could change things.

Image source: Getty Images.

This would be quite the new trick

Presently, Dogecoin does not natively support smart contracts, which is why decentralized finance (DeFi), non-fungible tokens (NFTs), and complex decentralized apps (dApps) never had a chance to grow on its base layer.

What’s new is a concrete proposal to add a feature to the coin’s protocol that would let Dogecoin nodes verify a type of cryptographic proof called zero-knowledge (ZK) proofs as part of a transaction. That would enable Dogecoin to host Layer-2 (L2) chains for faster and more efficient transactions, and also provide virtual machines that execute off-chain. This means it would create a separate but closely linked system for quickly running certain complex calculations.

But why should investors care?

Because this route could bring Ethereum Virtual Machine (EVM)-compatible smart contract execution to Dogecoin, thereby enabling Ethereum’s huge corps of developers to easily create applications for the chain if they choose to do so. In other words, this is the shortest bridge between Dogecoin’s powerful brand and the programmable crypto economy, the area where most of the value lies.

This proposal lives in Dogecoin Core’s developer forum. If it’s agreed on, it would still need to be implemented, and it’s unclear how much time a major addition like this one would take. Plus, there is still community debate about the complexity of the proposal and also its scope.

So don’t hold your breath waiting for this new feature because it might not ever come to fruition, even if it would be enormous for the coin’s odds of gaining value over time.

There’s a potential revenue flywheel here

The second idea that investors need to know is more subtle, but potentially even more powerful for holders.

If Dogecoin can verify cryptographic proofs on-chain as the proposal calls for, submitting those transactions will require network fees, which are paid in Dogecoin’s native coin, DOGE. So each proof-verified action on the L2 chain would create more marginal demand for the coin than transactions on the main chain currently do.

Today, fee revenue on Dogecoin is modest, a byproduct of transfers; so far in Q3 2025, it generated just $281,557 in fees. Fees are paid to miners, and no portion of the fees are burned, taking coins out of circulation. If proof verification becomes a new transaction class, a flywheel could potentially form, with more useful apps, more proofs, more fees, more miner incentives, and more reasons for users and platforms to hold some DOGE to interact with the network. And there’s some early evidence that the team behind the proposal is building with those goals in mind.

As positive as these proposals could be, investors should keep three caveats front and center. First, as stated before, proposals are not products, and Dogecoin’s culture is conservative about base-layer changes. Don’t expect anything to move forward without the developer community spending at least a bit more time deliberating publicly.

Second, the coin’s supply is expansionary by design. Roughly 5 billion new coins are issued each year, so any utility that it develops needs to create economics that grow faster than that to meaningfully move the value needle over time.

Finally, there still isn’t an investment thesis for buying this coin yet. While that could change in the future, given what’s being considered, you should wait for some strong evidence of actual progress before even considering whether it would be smart to make a small investment.

Dogecoin (DOGE -8.63%) is falling on Monday, down 10.6% in the last 24 hours as of 5:47 p.m. ET. The drop comes as the S&P 500 lost 0.5%, and the Nasdaq Composite lost 0.3% today.

Dogecoin and the rest of the crypto market are down after last Friday’s huge spike following Fed Chair Jerome Powell’s address to the nation.

Rate cuts could be coming

Federal Reserve Chairman Jerome Powell spoke from the Fed’s annual Jackson Hole summit on Friday, shedding light on its plans for rate cuts in the near future. Powell painted a complicated picture of the current economy with signs of a slowdown in hiring happening even as other signs point to the possibility that inflation is heating up.

Ultimately, he believes that the economy has proven to be resilient, and though he didn’t confirm it explicitly, he seemed to indicate rate cuts were coming in September. Investors reacted strongly to the news, and markets on Friday were green. More speculative investments like Dogecoin saw an outsized spike — lower rates tend to lead to riskier assets performing comparatively well.

Image source: Getty Images.

Today, investors appear to be weighing how much the Fed will cut. Just as Dogecoin saw an outsized spike on Friday, it saw an outsized dip today.

Dogecoin is meant to be taken lightly

Dogecoin is a meme coin. It is not a serious investment. The coin’s “tokenomics” are highly inflationary. That means over time, unless more and more people invest consistently, its price will continue to move downward.

This was created as a joke and a way to have fun — that is exactly how it still should be treated. There are plenty of crypto projects with proven track records of value like Bitcoin and Ethereum. Choose these or projects like them if you are serious about investing in crypto.

Meme coin enthusiasts are celebrating Dogecoin’s (DOGE) rally toward its five-month high, as it gained about 90% from its June lows. All of the top 10 meme coins by market cap were up double-digits over the past week, pushing the entire sector’s valuation above $84 billion.

This bullish sentiment toward meme coins isn’t happening in isolation. Bitcoin dominance slipped to around 60% on July 21, while CoinMarketCap’s Altcoin Season Index shows a gradual trend shift in favor of altcoins.

Against this backdrop, investors are enthusiastically backing TOKEN6900 (T6900), a satirical meme coin that’s building on the success of the SPX6900 (SPX) token. While Dogecoin continues to enjoy global recognition and SPX is hitting all-time highs, TOKEN6900’s minimalist manifesto and rapidly growing crypto presale could allow it to outperform the veteran meme coin in the current leg of the bull cycle.

Analyst Eyes Bullish Dogecoin Target After This Breakout

This breakout triggered a wave of buy orders, coinciding with a 24-hour volume spike of over 2 billion DOGE.

In the meantime, corporate interest in Dogecoin is further adding to the bullish expectations for the meme coin. Recently, US-listed entity Bit Origin Ltd’s stock experienced a double-digit gain after it acquired roughly 40.5 million DOGE for its treasury.

Another catalyst for DOGE is the growing optimism around a spot-based Dogecoin ETF. Prediction markets are now assigning an 80% probability to a DOGE ETF approval in 2025, especially following the recent successes of Ethereum and XRP products.

But opportunistic investors recognize that, despite these bullish catalysts, Dogecoin’s upside is still limited compared to that of a low-cap meme coin. This is why they’re now shifting their focus to TOKEN6900, a viral meme coin that’s about to reach the $1 million raise milestone in its presale.

TOKEN6900: The Anti‑Index Meme Coin With Viral Momentum

TOKEN6900 has secured more than $925,000 in its recently launched presale, while riding the broader optimism that has re-energized the meme coin market.

The meme coin openly embraces the absurdity of meme coins, branding itself as the anti-S&P 500 token that doesn’t track any index or pretend to solve real-world problems. This honest narrative has drawn comparisons to the recent sensation SPX6900, another viral meme coin which TOKEN6900 “one-ups” by having one extra token in total supply.

SPX6900 has skyrocketed by over 692% in just the past four months, hitting a brand-new ATH of $2.03 on July 20. Since its inception two years ago, SPX6900 has delivered a staggering 75,658,386% return, lifting its market cap to more than $1.8 billion. An early $100 investment in SPX would be worth over $75 million today.

What’s worth noting is that the term “spx6900” has seen an uptrend on Google search, and crypto analysts predict buying interest will spill over to T6900 next. With altcoin season already underway and retail traders on the hunt for the next big altcoin to explode, T6900 positions itself as a rare high-upside opportunity.

A micro-cap like TOKEN6900 could outperform Dogecoin by orders of magnitude if momentum and community fandom continue to build. To buy T6900 and enter at a position that could yield millions, visit the TOKEN6900 official presale page and connect a compatible Web3 wallet (like Best Wallet).

Buyers can also immediately stake their holdings for a high annual reward of up to 66% without waiting for the presale to end.

Visit TOKEN6900 Presale

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. ModernDiplomacy.eu is not a licensed crypto-asset service provider under EU regulation (MiCA). Cryptocurrencies are highly volatile and involve significant risk. Always conduct your own research and consult a licensed advisor before making any investment decisions.

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