Dogecoin showed that meme coins can make serious money, but the next five years could be rocky.

Five years ago, Dogecoin ( DOGE -3.10% ) was a somewhat successful meme coin, but not exactly a household name. Since then, it surged to an all-time high in 2021 and went on another impressive run after the 2024 presidential election. It's now one of the 10 largest cryptocurrencies by market cap , and it's definitely a household name -- even my grandmother knows what Dogecoin is.

The crypto market as a whole has been doing well this year, and investors are excited about the future. Let's take a closer look at Dogecoin to see if it's likely to be a winner during the next five years.

The fundamentals (or lack thereof)

Launched in 2013, Dogecoin is one of the oldest cryptocurrencies,

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