Should You Buy Dogecoin While It's Below $1?
Dogecoin has a bold new strategy to outgrow its meme coin origins. But will it actually work?
Dogecoin (DOGE) has struggled in 2026, falling 32% and trading at very low prices. The Dogecoin Foundation recently announced plans to create Dogecoin Labs, a new business that combines DogeOS, MyDoge, and Such App. These products aim to add smart-contract functionality, a wallet for the Dogecoin blockchain, and a merchant payments app to the ecosystem.
Smart contracts were previously attempted with Dogechain, but it failed and shut down. There is also doubt about Dogecoin being widely accepted as a payment method, despite Elon Musk's support. Market data shows little interest from institutional investors in Dogecoin, suggesting that price movements will likely come from retail investors alone.
Despite the optimism around Dogecoin Labs, the high discount to its peak price suggests that Dogecoin will likely continue to be a meme coin with limited potential for significant returns.
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