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Dogecoin Is Down 46%. Should You Buy the Dip?
Dogecoin became a popular cryptocurrency when it debuted as a joke in 2013. It has had several stints when its value has soared since then. Most recently, Dogecoin jumped nearly 190% in the weeks following President Donald Trump's 2024 election. But Dogecoin has been falling hard lately, and its value is down 46% since the beginning of this year. With such a significant fall, some investors may be wondering if now is a good time to buy Dogecoin on the dip. Here are three reasons why I think that'd be a mistake. 1. There's no limit on how many Dogecoins can be mined: Scarcity is one of the biggest factors in ... (full story)
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