Dogecoin Is Skyrocketing Today -- Is the Cryptocurrency a Buy Right Now?
2026-03-04 14:20:42 ET
Dogecoin (CRYPTO: DOGE) is seeing a big valuation gain in Wednesday's trading. The meme coin's token price has risen 13.6% over the past 24 hours as of 2 p.m. ET. Meanwhile, Bitcoin was up 7.2%, and Ethereum was up 8.6%.
The crypto market is a sea of green in today's session, with investors pouring back into digital tokens in response to a The New York Times report this morning indicating potential negotiation offramps that could bring an end to the U.S. and Israel's war with Iran. According to the report, Iran's Ministry of Intelligence is willing to discuss terms that could halt the conflict. Despite gains today, Dogecoin is still down 13% across 2026's trading and 86% from its lifetime high.
Image source: Getty Images.
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