Today, the Dogecoin price is $0.1822, with a market cap of USD 26,086,718,438. The coin has hit the highest $0.212374 and the lowest $0.153008 in the last twenty-four hours. Prices were swapping in a narrow band as DogeCoin has slipped by -20.0% in the last thirty days.
Prices have been flat, and it has experienced the same decline in the last fourteen days. However, resistance against the bearish market, a rally occurred, and it climbed up by 17.7% in the last seven days.
The same rally took place in the last twenty-four hours and the last one hour, where the coin has withstood against slipped predicaments.
The value of Dogecoin has shot up by 25% since Elon Musk announced that his electric car company will start accepting payments in DOGE. The news sent the cryptocurrency’s worth climbing even higher, and it looks like there’s more to come.
Dogecoin Price Analysis
Broke off its day on 7 December, it was available to buyers for $0.179769. it ended its day on 8 December with the price of $0.179010. The decline of prices can be assumed based on its daily analysis. On 10 December, the coin price slipped to $0.168964, which dropped more on the next day to $0.168425.
The coming day (12 December) brought a rally as it received an upward trend and hit $0.171474 by the verge of the day. Unluckily, DogeCoin’s price turned in a narrow band on 13 December, as it receded to $0.159822 by the end of the day.
Buyers could get it on $0.158775 today at 15:02:52. A massive rally came roughly at 16:04:32 as it hit $0.190623. A bounce from $0.158775 to $0.190623 within an hour is a bullish move. Besides, it sailed for $0.211696 at 17:04:58, which is the coin’s current price.
Dogecoin Price Prediction
Dogecoin (DOGE) turns eight years old this week, but it has little to celebrate. Its price continues to struggle, having dropped to levels last seen in April.
The coin suffered badly this month as it dropped by 20.0%. Regardless, DogeCoin experienced a bullish move last day, which handed it over an upward trend.
Owning to the volatile nature of the market, it is hectic to predict Dogecoin’s price. The forecast of the coin can only be assumed, but it varies owning on the volatility and other factors such as affluents (Elon Musk) comments.
However, forecasters have put forth some coin prices in the upcoming years.
a) Dogecoin Price Prediction 2021
As per the analyst’s predictions, Dogecoin will end this year with a price of $0.24. It avoided the downward trends in the last few hours and restored its position.
b) Dogecoin Price Prediction 2022
According to Wallet Investor, Dogecoin will hit $0.390 in 2022. Meanwhile, according to other sources and analysts, Dogecoin’s price will reach $0.356 in 2022. However, there is not a massive gap between the two predictable prices.
Dogecoin is one of the best cryptocurrencies to invest in because it has the potential to restore its position. Passing through challenging stages, DOGE has got momentum. Buyers can select any platform post unwavering comparison.
Stay with us for more updates.