Dogecoin Crashed Below $0.20. Buy the Dip, or Run for the Hills?

Dogecoin (CRYPTO: DOGE) was created as a joke by two friends in 2013. Cryptocurrency was becoming very serious back then with the rise of Bitcoin, and they wanted to lighten the mood. The Doge meme was sweeping the internet at the time, and they used it as inspiration to launch Dogecoin.It went on to become one of the world's most valuable cryptocurrencies in 2021 when its market capitalization topped $90 billion, helped by influential figures like Elon Musk who started promoting it online. But Dogecoin failed to find a real use case, and since speculative frenzies never last, the meme token lost 90% of its value by mid-2022.Investors spent the next two years licking their wounds, until Dogecoin staged another incredible rally when Donald Trump won the presidential election last November. It failed to surpass its all-time high, but it did end 2024 with a whopping 251% gain.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool