Overview
- After soaring 252% in 2024, Dogecoin has given back gains this year and is now roughly 52% lower year to date.
- Real-world adoption remains limited, with just 2,126 businesses globally accepting the token for payments, according to Cryptwerk.
- The article flags a structural supply dynamic that could cap future price appreciation.
- Previous peaks were fueled by speculative enthusiasm tied to Elon Musk’s social media promotion and his 2021 Saturday Night Live appearance.
- The coverage also notes Musk’s late‑2024 appointment by President Donald Trump to head a government efficiency initiative nicknamed DOGE.