About three years ago, Dogecoin (CRYPTO: DOGE) was on an incredible journey "to the moon." The dog-inspired token had won over speculators during meme-stock mania, hitting its peak price of under $0.74 in May 2021.

Dogecoin has been on a downward spiral since then, even as the overall cryptocurrency market continues on its path toward recovery. As of this writing, the token is 78% below its all-time high.

Perhaps the bulls are hoping that better days are ahead. Should you buy Dogecoin right now while it's below $0.20?

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Source Fool.com