The 5-year legend of DOGE: $1,000 turns into $60,000, but the risks are also pumped.

When it comes to the “myth of making money” in the encryption circle, DOGE must be mentioned.

If you had splurged $1,000 on DOGE five years ago, your account would now have accumulated over $60,000—a return of 6000%. Doesn't that number sound like a dream?

Why is DOGE so wild?

1. High Volatility: The price fluctuations of DOGE are often 2-3 times that of BTC, soaring during bull markets and can also be halved during bear markets.
2. Political Support: After Trump took office, pro-encryption policies drove the entire sector, with DOGE rising by about 100% over the past year.
3. Social Attributes: The real engine of DOGE is Musk, celebrity endorsements, and heated discussions on Reddit.

During the same period, the S&P 500 only rose by 87%, while DOGE directly crushed traditional investments.

But this is gambling

I have to be honest - although DOGE has a market cap of $31.6B ranking in the top ten, its on-chain utility is basically zero. The most fatal issue is: the supply is unlimited, making it fundamentally unsuitable as a store of value.

The earnings from the past 5 years came from pure speculation and community hype, not from technological breakthroughs. Those who made money were largely influenced by luck.

Conclusion: Buying DOGE should only be with spare money. Enter the market only if you can afford to lose.