Should You Buy Dogecoin While It's Under $1?
Dogecoin (CRYPTO: DOGE) is the cryptocurrency industry's original meme token. It was founded in 2013 by two friends who used the Doge internet meme as inspiration and, in their own words, the entire exercise was a joke.
But those who believed in Dogecoin's potential had the last laugh, because its market capitalization soared to a peak of about $90 billion in 2021. Unfortunately, a lack of any true use case, combined with a consistently growing supply of tokens, contributed to a 74% decline in Dogecoin's value since then.
But the cryptocurrency industry has the wind at its back right now, because President Donald Trump and his administration have enacted a series of policies supportive of crytpo. Dogecoin is currently trading at about $0.19 per token, so should investors scoop it up while it's still below $1?
Source Fool.com
