Thinking of Buying the Bottom With Dogecoin? Do This 1 Thing First.
The coin's price could still have a long way to fall.
Overview
As I write this, Dogecoin (CRYPTO: DOGE) is 90% below its 2021 highs. To some investors, that means the coin looks cheap -- so cheap that it can't go down anymore. If you think this is the bottom, and you're feeling tempted to act on the urge to buy it, you need to do one thing: Look at this number.
Three U.S. spot Dogecoin exchange-traded funds (ETFs) launched in November 2025, making it the first meme coin with a U.S. spot ETF. A regulated ETF wrapper, so the theory went, would do for Dogecoin what spot ETFs did for Bitcoin and Ethereum: open the tap for institutional capital and create a durable source of demand for the coin.
Image source: Getty Images.
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Source
Originally published at www.fool.com.