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Is Dogecoin a Buy Right Now?

TheMotleyFool

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It has been quite a volatile year for the meme coin Dogecoin (CRYPTO: DOGE). After all, cryptocurrencies surged following President Donald Trump's election win in November 2024, but it's been a bumpy, ultimately downhill ride ever since.

While Dogecoin is up nearly 7% in 2026, the token is still down over 64% in the past year. Despite Trump making good on his promise to introduce a regulatory environment that promotes cryptocurrencies, the gains have faded amid concerns about the economy and the trajectory of interest rates and inflation, and as whales have started selling some of their holdings.

Image source: Getty Images.

Source Fool.com

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