Dogecoin is starting to make a comeback after plummeting last month. With DOGE seemingly mounting a resurgence, is now the time to invest? Get the latest Dogecoin news today to find out if one of the world’s favorite meme crypto is going up or down.
Dogecoin News: Is DOGE up or down today?
Dogecoin is down 1.91% today, at the time of writing. DOGE is dropping based on its sales over the last 24 hours, plus is down over 50% from its all-time high last month.
Despite being down, Dogecoin is actually going through a period of recovery right now. DOGE plummeted in May 2021 when Elon Musk made an appearance on Saturday Night Live (SNL). During the show, Musk joked at the expense of Dogecoin and caused the cryptocurrency to hemorrhage investors. Since then, the Tesla CEO has reaffirmed his support and the crypto has been back on the rise.
Although DOGE is down today, that doesn’t mean it won’t recover and continue to climb back up. It can be a long process, with plenty of ups and downs along the way. Right now, some investors are choosing to sell just as the price mounts in case it faces another drastic fall. This is normal behavior that, in time, should taper off to provide a more accurate and stable DOGE valuation. That’s providing nothing happens to cause another crash, that it, so hopefully, Elon Musk considers his words carefully.
Of course, it’s also worth keeping an eye on the Shiba Inu coin (SHIB). This rival crypto quickly took DOGE’s spot when it failed, and could do so again should the worst ever happen. Get the latest SHIBA token news right here.
While waiting for the Dogecoin price to stabilize, check out the latest on Cyberpunk 2077. A massive leak has revealed that members dev team knew it was a buggy mess before launch.