Dogecoin currently trades 67% off its record high from more than four years ago.

Bitcoin deservedly gets a lot of attention, as it's the oldest and most valuable cryptocurrency. But it's hard to believe that Dogecoin ( DOGE 7.72% ) , which was launched in 2013, also has a long history in the industry. The dog-inspired blockchain network has had a wild journey, but it sports a market cap of more than $36 billion (as of Sept. 9).

As of Sept. 9, this meme coin trades 67% below its peak, which was established in 2021. The token's price is currently $0.24. Should you buy Dogecoin while it's under $1?

Monster returns in the past

Dogecoin might be trading well off its record, but it has soared in the past. Over the last five years, the crypto has increased by an ast

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