Is Now the Time to Buy Dogecoin After its Dramatic Crash?

The cryptocurrency market experienced a significant downturn on Friday and Saturday, wiping out nearly $900 billion in value across the entire crypto ecosystem. This volatile crash hit even meme coins like Dogecoin hard. Following a dip from around $0.25 on Friday to under $0.10 on many exchanges, DOGE recovered and settled at roughly $0.19. This drastic drop marked its lowest point since last year, with the coin experiencing a significant 70% plunge before rebounding. 70% dips from peak are common in this market, followed by sideways chop, and another correction of 10-20%. A notable factor was how quickly DOGE bounced back after this sharp drop.