Dogecoin Is Down 45%. Should You Buy the Dip?
Dogecoin (CRYPTO: DOGE) was one of the most successful cryptocurrencies last year, as it gained over 250% and hit its highest price since 2021. The meme coin has erased some of those gains in 2025, as it's currently down 45% on the year.Buying the dip is a popular investing strategy. Dogecoin still has plenty of name recognition, and it's the eighth-largest cryptocurrency by market cap at the time of this writing (June 6), so this may seem like an opportunity to pick it up at a discount. But investors who buy in hopes of a rebound could end up disappointed.Image source: Getty Images.Continue reading
Dogecoin (CRYPTO: DOGE) was one of the most successful cryptocurrencies last year, as it gained over 250% and hit its highest price since 2021. The meme coin has erased some of those gains in 2025, as it's currently down 45% on the year.
Buying the dip is a popular investing strategy. Dogecoin still has plenty of name recognition, and it's the eighth-largest cryptocurrency by market cap at the time of this writing (June 6), so this may seem like an opportunity to pick it up at a discount. But investors who buy in hopes of a rebound could end up disappointed.
Image source: Getty Images.
