The roller coaster continues for (NASDAQ: COIN). After its shares tanked 86% in 2022, they skyrocketed 391% last year. And the business just reported fourth-quarter 2023 results that were incredibly well-received by the market, sending its shares even higher in 2024.

Despite its remarkable comeback, this top crypto stock remains 46% off its all-time high (as of Feb. 16). Does this mean it's a good idea to buy the dip?

Rising interest rates and macro uncertainty in 2022 crushed the cryptocurrency market, which lost about two-thirds of its value that year. But 2023 was a bounce-back period, as the industry gained about $800 billion in value, good for a doubling. The momentum has continued into 2024. Perhaps the so-called crypto winter has changed seasons to become crypto summer.

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Source Fool.com