Does Dogecoin Have a Future After This Crash?

Dogecoin (CRYPTO:DOGE) has fallen to about 6 cents, which is 91.8% less than its all-time high. This steep drop raises questions about Dogecoin’s future. Today DOGE fell 7.6% in 24 hours, marking the end of a week of consistent downward movement. The coin now trades below its one-year low close of $0.0646, set on November 13.

So is there hope for Dogecoin after this crash?

Dogecoin Fell Harder Than Bitcoin and Ethereum This Year

Over the past week, Dogecoin lost 16.1%, and it has dropped 25.9% over the past month. Since the beginning of 2026, it has fallen 48.9%.

This selloff affected the entire crypto market. Bitcoin (CRYPTO:BTC) fell 4.8% to $65,316, while Ethereum (CRYPTO:ETH) fell 5.5% to $1,822. During risk-off moments, traders often sell their most speculative investments first. Because meme coins like Dogecoin typically lack underlying revenue or yield, they tend to see the biggest price drops.

However, Dogecoin’s troubles began even before this recent sell-off. Over 90 days, Bitcoin posted a slight gain of 3.9%, while Dogecoin fell 13.6%. In 2026, Bitcoin has declined by 25.4%, and Ethereum is down 38.7%, both smaller losses than Dogecoin’s. Ethereum did see deeper losses over the past week, dropping 18.6%, so Dogecoin’s weakness shows up in the longer trend.

Dogecoin also trades below its 20-day moving average of 7 cents, and its 50-day and 200-day averages, both at 8 cents. This indicates that most recent buyers are facing losses. Early on November 13, selling pressure was intense, but buyers pushed the price back up to around 6.7 cents later that day, only for it to drop again. By November 14, Dogecoin hit a low of about 5.97 cents.

Dogecoin Keeps ETF Access, Deep Trading Volume and a Top-15 Ranking

One of Dogecoin’s strongest selling points is its accessibility. The launch of spot Dogecoin ETFs by Grayscale and Bitwise in November 2025 made it easier for investors to get exposure, and the 21Shares Dogecoin ETF (NASDAQ:TDOG) later became the first ETF supported by the Dogecoin Foundation. These spot ETFs hold the coin directly, letting investors own Dogecoin through a regular brokerage account without a crypto exchange or wallet.

Liquidity is another plus. Dogecoin traded around $550 million in a 24-hour period and is included in the Coinbase 50 Index, a basket of Coinbase’s largest assets.

However, measuring Dogecoin’s everyday use in payments is more challenging. The Dogecoin Foundation offers guides on how to pay merchants and accept Dogecoin in business, but it doesn’t publish a reliable count of how many merchants use Dogecoin. Even so, its dedicated fan base supports a market value of $9.4 billion, placing it 13th among cryptocurrencies.

Unlimited Supply and a 2021 Peak Dogecoin Has Never Regained

Dogecoin faces significant challenges due to its unlimited supply. With approximately 156.7 billion coins already in circulation and around 10,000 new coins, worth about $600, added roughly every minute, existing holders keep getting diluted. This means that demand must consistently rise to keep the price stable.

Moreover, Dogecoin’s value is closely tied to cultural trends. It’s often categorized as a meme coin and an Elon Musk-inspired coin, so its price can surge on public attention. But this attention often wanes during market downturns.

Dogecoin has bounced back from past crashes. After peaking at around 73 cents on May 7, 2021, it fell to approximately 7.6 cents by November 15, 2023, before recovering to about 15.8 cents by November 14, 2025.

However, the overall trend still leans downward. Dogecoin has declined by 61.9% over the past year and by 76.7% over the past five years. A “death cross,” where the 50-day moving average drops below the 200-day average, suggests a negative short-term trend. In October, Dogecoin neared its first death cross of 2026.

Dogecoin Has a Future as a Trading Asset With a Lower Ceiling

We believe Dogecoin can remain a liquid, ETF-listed trading asset with a devoted following, but a quick return to its former highs appears unlikely. Current holders own a coin that’s 91.8% below its peak, with no supply cap, and Dogecoin typically falls more steeply than Bitcoin during market declines. Any recovery will likely depend on Bitcoin finding a bottom and renewed interest from ETF buyers, and both are still missing.

So, what might brighten Dogecoin’s future from here? A sustained close above $0.0646, followed by a rise beyond the 20-day average of 7 cents, could signal easing selling pressure. If Dogecoin stays below $0.0646 through the end of November, this level could become resistance where sellers consistently return, making further declines more likely.

Dogecoin FAQ

Does Dogecoin Have a Future?

Yes, likely as a trading asset. It has spot ETFs, around $550 million in daily trading volume, and a solid 13th place in market capitalization.

Will Dogecoin Ever Go Back Up?

It has climbed from approximately 7.6 cents in November 2023 to around 15.8 cents by November 2025. Our Dogecoin price prediction for 2027 outlines possible future trading levels.

Should I Buy Dogecoin?

This is a personal decision that depends on a buyer’s willingness to handle significant price fluctuations. The trend remains downward, as Dogecoin has fallen 48.9% in 2026 and is trading below its 20-day, 50-day, and 200-day moving averages.

Is Dogecoin a Good Investment Right Now?

Investing in Dogecoin carries high risk. Its supply continues to increase, and new cryptocurrencies are emerging that could take its place, as discussed in our prediction about two cryptocurrencies that might surpass Dogecoin by the end of 2026.

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