Should You Buy the Dip in Dogecoin Right Now?
The price of Dogecoin is down over 30% so far this year.
The stock market has gotten off to a rough start in 2025. As of March 4, the S&P 500 and Nasdaq Composite were down by 1.5% and 5.2%, respectively.
Broadly speaking, when the stock market is performing poorly, investors may shift their funds into alternative assets such as commodities or cryptocurrency. However, so far this year the crypto markets haven't been too lush, either. The top two cryptocurrencies, Bitcoin and Ethereum, have dropped by 7% and 36%, respectively, and others have followed in their wake.
Joining its cohorts in the crypto sell-off is Dogecoin (CRYPTO: DOGE). After surging by 251% in 2024, its price has tanked by 36% so far this year.
