(CRYPTO: BTC) tends to generate most of the press in the crypto space, Dogecoin (CRYPTO: DOGE), the so-called "people's currency," has delivered some of the loftiest returns. In just a six-month stretch between early November and early May, Dogecoin managed a return of 27,000%, which is more than the benchmark S&P 500 has returned, including dividends, over the past 56 years!

 Reasons Dogecoin Predictably Crashed

For more than 100 years, the stock market has been the preferred wealth creator. It's historically generated an average annual return of around 7%, which is higher than all other asset classes.

But over the past decade, cryptocurrencies have run circles around the broader market. Although Bitcoin (CRYPTO: BTC) tends to generate most of the press in the crypto space, Dogecoin (CRYPTO: DOGE), the so-called "people's currency," has delivered some of the loftiest returns. In just a six-month stretch between early November and early May, Dogecoin managed a return of 27,000%, which is more than the benchmark S&P 500 has returned, including dividends, over the past 56 years!

Unfortunately, the Dogecoin dream looks to be coming to an end. Since peaking at nearly $0.74 on May 8 -- the same day Tesla CEO and Dogecoin fan Elon Musk appeared on Saturday Night Live -- Dogecoin has shed three-quarters of its value. As of June 21, Dogecoin was trading for less than $0.17 per token.

Some folks might call this a healthy pullback or an incredible buying opportunity. As for me, I view this implosion as completely predictable. Here are 10 telltale reasons why Dogecoin's hype-driven pump was destined to end in an inglorious dump.