The cryptocurrency landscape looks very different today than it did at the height of the frenzy among investors in 2021. Back then, the vast majority of mainstream tokens were experiencing strong gains, whereas today, investors are being much more selective.

For example, industry leaders like Bitcoin and Ethereum are trading in the green in 2023 with gains of more than 50%, whereas speculative token Dogecoin is in the red and is down about 3%.

Dogecoin is still a favorite of some crypto enthusiasts, including Tesla (NASDAQ: TSLA) Chief Executive Officer Elon Musk, but not even he could stop the token from sliding more than 90% from its all-time high. So is it time to finally give up on the token for good?

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Source Fool.com