Longtime meme coin favorite Dogecoin (CRYPTO: DOGE) is up less than 1% for the year. That type of market underperformance really stands out when you consider that Bitcoin is up almost 120% for the year.

Zoom out beyond this year, and the picture gets even worse. Dogecoin has been on a long decline since May 2021, when it hit an all-time high of $0.74 during the peak of meme coin mania.

Currently trading at just $0.071, Dogecoin is just about one of the worst crypto investments you could possibly make right now. Here's why.

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Source Fool.com