Should You Buy the Dip in Dogecoin Right Now?

The stock market started a difficult start in 2025. Starting from March 4, S & P 500 and Nasdak It decreased by 1.5 % and 5.2 %, respectively.

In general, when the stock market is bad, investors may convert their money into alternative assets such as goods or cryptocurrencies. However, so far this year, fertile encryption markets were not either. Higher currency currencies, Bitcoin and ethereumIt decreased by 7 % and 36 %, respectively, and others followed in their wake.

Join its groups in the encryption process Dokwin (Checks: Doug). After increasing 251 % in 2024, its price decreased by 36 % so far this year.

But does the decrease in Dogecoin now buy a smart idea?

Although the price of Dogecoin rose significantly last year, the graph below should help draw a clearer image about what has already happened with the encrypted currency. As you can see, the vast majority of Dukwin gains occurred in 2024 in the last two months of the year.

The growing Dogecoin procedure can be tracked in the presidential election. During the Donald Trump campaign at the time, Timing CEO Elon Musk appeared as a major alternative to the donor and Republican candidate. One of the factors that affect the relationship of Musk with Trump was their common view that the federal budget became very inflated. As a result, Musk put forward the idea of ​​creating a team that focuses on determining the steroid spending that can be cut.

The name he and Trump granted to this initiative: the Ministry of Governmental efficiency (DOGE).

If you take a closer look at its price scheme, you will notice that the price of Dogecoin has already started to decrease at the end of 2024. it has decreased by 53 % since December 1.

If Musk has ever continued before the elections, you may know that the businessman jokingly supported Dogecoin on several occasions in the past. The comic Musk is likely to approach a role when a name has been chosen for the cost -cutting initiative. But at the end of the day, Dog was more than an intelligent abbreviation. It has no concrete relationship with the cryptocurrency.

Moreover, Dogecoin is still a minimum or slim benefit in real or digital worlds. In my opinion, the sale that started in December was the first Domino to fall. When investors began to think about the fact that the currency has risen on the pure noise that has nothing to do with any actual worthy stimuli, its bubble began to deviate.