Dogecoin (DOGE) has confronted a steep worth crash right this moment and is buying and selling within the pink zone throughout all time frames. According to CoinGecko statistics, DOGE’s price has fallen 7.2% in the last 24 hours, 9.6% within the final week, 15.6% within the 14-day charts, 3.3% over the earlier month, and 68.4% since January 2025. Let’s focus on why DOGE is down, and if you can purchase the dip now, or watch for costs to fall additional.
Why Did Dogecoin’s Value Crash? Ought to You Purchase The Dip?
Dogecoin’s (DOGE) newest worth correction comes amid a bigger market dip. According to CoinGlass data, the crypto market has faced nearly $870 million worth of liquidations within the final 24 hours.
Dogecoin (DOGE) and the bigger market correction may very well be attributable to rising tensions between the US and different NATO allies. President Donald Trump has mentioned that the US must take over Greenland, citing nationwide safety considerations. France, Germany, and different NATO international locations have provided assist to the Danish Kingdom to defend Greenland in opposition to the opportunity of a US invasion. The US has introduced extra tariffs for international locations supporting Greenland. Traders are probably fearful in regards to the ongoing scenario and are pulling out their funds from dangerous property.
Whereas Dogecoin (DOGE) and the bigger crypto market face worth corrections, metallic costs appear to be going up. Gold and silver have hit new all-time highs as traders go for secure havens as an alternative of dangerous property.
Additionally Learn: US Crypto Act Treats Dogecoin Like Bitcoin: DOGE Rally Coming?
Dogecoin (DOGE) is a memecoin and carries a few of the highest dangers within the finance market. Therefore, the asset could face a protracted interval of decline. DOGE’s worth is unlikely to make any constructive actions till the bigger economic system and the continued geopolitical tensions cool off. Nonetheless, the low costs may very well be alternative to top off on the memecoin.
