Dogecoin Will EXPLODE in the NEXT 90 DAYS !!!
Dogecoin is a meme coin that started as a joke in 2013 and eventually reached a total valuation of over $80 billion and an all-time high (ATH) of $0.7376. Since then, the coin is down 91%.
After its launch in December 2013, it went from $0.00026 to $0.0022 in just over a month, up 245% amid growing public attention. Then, after several years of fairly volatile movements, DOGE established itself above his $0.0016 to $0.0018 range, almost securing a spot among the top 10 cryptocurrencies by market capitalization.
Elon Musk’s vocal outcry about the potential use of DOGE as a currency has given meme tokens a surreal profile in both tech and pop culture. This paved the way for exponential growth on the chart. DOGE is up over 9,600% in the first half of 2021.
This year, however, hasn’t been great for the coin as it found a bearish track.
Dogecoin does not have a limited supply. It rather has a decreasing inflation rate year-on-year. This property, as per Elon Musk, makes the coin a better option to serve as a currency, alongside its other benefits like lower transaction costs and better processing.
The Bitcoin market could be a big factor influencing the coin’s future movement, especially considering its 900-day correlation with Kingcoin. Also, an Ethereum merger could cause a slight uptick in the altcoin market, which could affect sentiment across altcoins.
Dogecoin has had an eventful 2021. To simplify the latest DOGE price prediction, we have divided up the prediction by short term Dogecoin price prediction and long term Dogecoin price prediction. As of writing this article, DOGE had a trading volume of $480 587 095. Dogecoin has gone down by -8.93% in the past 30 days.
According to our short-term analysis, the August 2023 Dogecoin price forecast shows DOGE’s average price to be $0.0051 and the highest possible August 2023 price to be $0.0055.
Furthermore, according to our long-term analysis, the Dogecoin price forecast for December 2023 shows an average DOGE price of $0.015, with a maximum possible December 2023 price of $0.016.
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