Crypto Community Expects Dogecoin ($DOGE) Price to Rise Slightly by End of April

[ad_1]

The cryptocurrency community expects the price of the meme-inspired cryptocurrency Dogecoin ($DOGE) to rise slightly by the end of this month, with the average of nearly 1,000 estimates pointing to an upward trend. about 3%.

According to the CoinMarketCaps price estimation feature, by the end of April, the cryptocurrency community expects to see meme-inspired cryptocurrency trading at around $0.0873 per token, against its level. current price of $0.0848, which equates to about a 3% upside.

It is important to point out that the predictions of the cryptocurrency communities may not come true at all. According to the platform, the historical accuracy of communities is just over 79%, with recent data showing it was around 91% in February, but fell to around 89% in March 2023. It was 51% in October last year.

The Dogecoin community celebrated Twitter CEO Elon Musk by briefly changing the microblogging platforms’ logo to DOGE’s earlier this month, but were quickly stunned after Musk suddenly removed the logo.

Musk replaced Twitter’s traditional bird logo with the widely recognized Dogecoin symbol on Twitter’s homepage in a platform-wide change, showing DOGE to more than 360 million users. assets per month on the microblogging platform.

Musk has now decided to put Twitter’s bird logo back in the top left corner of Twitter’s homepage, dealing a crushing blow to the hopes of many DOGE fans that Twitter was somehow going to get better. another to integrate Dogecoin into Twitter in the near future, and this had an immediate negative impact on the price of DOGE.

As noted, a popular cryptocurrency analyst has reiterated that he believes the price of meme-inspired digital currency is likely to increase in the near future, predicting a 180% increase that could be triggered by the meme party on the 20th. April (4/20).4/20 is a holiday to remember as it is a day when cannabis smokers around the world celebrate marijuana culture in their own unique way. The date 4/20 is derived from the code 420, which was used by a group of high school students in California in the 1970s to signal their meeting time to smoke weed.

Countless memes poke fun at the effects of marijuana, stereotypes of cannabis users, the legal status of the drug, and the reactions of celebrities and politicians. For pseudonymous cryptocurrency strategist Kaleo, these memes will also help DOGE pump, as he expects Twitter, Tesla and Space X CEO Elon Musk to tweet about cryptocurrency. .

As reported by CryptoGlobe, tens of billions of DOGE tokens are now held by long-term investors, as entities that have been clinging to cryptocurrency for over a year now have 44.8 billion tokens. , worth more than $4.5 billion.

Source of images

Featured image via Unsplash.

[ad_2]