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As Dogecoin (DOGE) continues to trade under the $1 mark, retail and institutional investors alike are asking the critical question: is now the right time to buy?
Dogecoin, originally created as a joke in 2013, has since evolved into a major player in the crypto space with strong community support, frequent social media buzz, and periodic endorsements from high-profile figures like Elon Musk. Despite its volatility, DOGE has remained one of the top 20 cryptocurrencies by market cap.
Currently trading well below its all-time high of $0.73 (set in May 2021), Dogecoin has recently shown signs of renewed momentum amid broader market activity. Analysts say its affordability, large circulating supply, and cultural relevance continue to attract speculative interest — especially during altcoin cycles.
“Dogecoin under $1 still presents a psychological entry point for many retail investors,” said one crypto strategist. “But whether it’s a good buy depends on your risk tolerance and investment time horizon.”
Supporters argue that Dogecoin's increasing integration in payments and tipping, along with potential blockchain upgrades, could fuel long-term growth. Critics, however, point to its inflationary tokenomics and lack of fundamental utility compared to other altcoins.
In short, while DOGE under $1 may seem like a bargain, it remains a high-risk, high-reward asset. Experts recommend that investors conduct thorough research and only allocate what they’re willing to lose.