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Should You Buy Dogecoin Hand Over Fist With $1,000 in 2024?

TheMotleyFool

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Should You Buy Dogecoin Hand Over Fist With $1,000 in 2024?: https://g.foolcdn.com/editorial/images/769197/shiba-inu-dog-running.jpg

After macro headwinds and industry failures throughout 2022, the cryptocurrency market has been staging a major comeback since the start of 2023. This means good news for some of the more speculative tokens out there.

Just look at Dogecoin (CRYPTO: DOGE). The dog-inspired meme token has roughly doubled in the past 2 1/2 weeks (as of March 13). Investor enthusiasm is certainly picking up.

As of this writing, Dogecoin remains 77% below its all-time high, established in May 2021. Does that mean now is the time to buy this cryptocurrency hand over fist if you have $1,000 to invest?

Source Fool.com

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