Crypto community with 83% historical accuracy sets DOGE price for June 30, 2023

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CoinMarketCap cryptocurrency community price estimation is based solely on the votes of its users. Estimates do not guarantee month-end prices.

Although the mood in the cryptocurrency landscape has not been very favorable in recent weeks, the crypto community remains bullish on many digital assets, including Dogecoin (DOGE), for which it predicts a price increase of here at the end of June.

Specifically, aggregate member voting results on cryptocurrency analytics platform CoinMarketCap suggested that Dogecoin would increase in value by +33.34% or +$0.02064 by June 30, 2023. In other words, it would be trading at an average price of $0.08256, according to information seen on June 19.

DOGE community forecast for June 30. Source: CoinMarketCap

Specifically, the price above is the result of 427 members who expressed their expectations for the possible future price of the meme dog cryptocurrency at the time of publication.

It’s also important to note that the average historical accuracy of community predictions for the past six years currently stands at 83.4%, making it a solid alternative to other price projection tools, even those offered by artificial intelligence (AI) platforms.

DOGE community accuracy. Source: CoinMarketCapDOGE Price Analysis

As it stands, Dogecoin was changing hands at press time at a price of $0.06191, posting a loss of 0.36% in the past 24 hours and 15.65% in the 30 days. previous ones, but still a 0.93% gain on its weekly chart, according to the data. June 19.

Dogecoin 7-day price chart. Source: Finbold

Meanwhile, DOGE 1-Day Technical Analysis (TA) gauges on financial and crypto monitoring platform TradingView are indicating strong bearish sentiment, suggesting a strong sell-off at 15, as summarized from pointing oscillators. towards a sell at 2 and moving averages (MA) in the strong sell zone at 13.

1 Day Dogecoin Gauges. Source: Trading View

Meanwhile, it should be noted that Dogecoin price has often reacted to tweets from one of its most avid fans, Elon Musk, which has led to accusations of pumping its price for financial gain. Subsequently, the allegations ended in a class action lawsuit.

In fact, the CEO of Tesla (NASDAQ:TSLA) and Twitter (NYSE:TWTR) denied owning the Dogecoin crypto wallets used in the alleged $95 million pump-and-dump scheme that plaintiffs claimed. accuse, according to the New York Post report of June 15.

Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.

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