Despite analysts declaring memecoins dead, Dogecoin remains popular and is expected to become more mainstream in 2025.
Most memecoins are controversial due to their volatile nature and sudden price fluctuations triggered by celebrity endorsements.
Examples include Donald Trump's memecoin, which saw a rapid rise and fall, and Argentine President Javier Milei endorsing a memecoin called Libra, resulting in a crash.
The endorsement by Milei is now being investigated as an alleged 'rug pull' scheme by a federal judge.