Since launching in December 2013, Dogecoin (CRYPTO: DOGE) has had little purpose other than amusement. There have been brief periods of hype-driven success, most notably in 2021, when it soared to $0.74. But it's down 89% since then (as of Oct. 23), and it's not seen as a serious crypto investment. A new venture, Dogecoin Labs, aims to change that by giving DOGE holders more ways to use their coins. Here are the details and an assessment of whether this could drive real growth for Dogecoin. Image source: Getty Images.
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