Dogecoin (DOGE) Price Target In Mid Term, Going Into 2023 – Crypto News – Crypto News
Connect with us
dogecoin crypto news dogecoin crypto news

Business

Dogecoin (DOGE) Price Target In Mid Term, Going Into 2023 – Crypto News

Published

2 years ago

on

While the year 2022 was forgettable for the crypto community, the macroeconomic scene is not in full favor going into 2023. However, the crypto community is hoping for a relief rally to provide respite in the ongoing bear market environment. Popular cryptocurrencies like Dogecoin (DOGE), which rose in exponential growth in 2021, lost all the value in the last one year. The memecoin did have an encouraging sign with Elon Musk taking over as Twitter chief.

Also Read: XRP Whales Holding Hits ATH Amid Pending Summary Judgment

ads

Dogecoin DOGE Price Prediction 2023

The memecoin made a lot of progress in 2022 to be considered a mainstream cryptocurrency but not a ‘meme’ token as the name suggests. In fact, DOGE, along with other cryptocurrencies, is all set to be rolled out as a payment option for Google Cloud users sometime in 2023. However, it remains to be seen how far the rise in adoption would propel the token price. Technical indicators point to the possibility of a decent price rise for DOGE in the mid-term.

Crypto analysts, however, believe that the $1 price target is not within reach in the coming future. But, if the memecoin does hold support for 25 weekly moving average, there is a possibility of DOGE reaching $0.65 in the next few years, as per prediction of Anbessa Twitter account. As of writing, DOGE price stands at $0.07342, down 0.92% in the last 24 hours according to the price tracking platform. CoinMarketCap,

Also Read: Here’s How Much Your $100 Investment in Filecoin Will Be Worth If FIL Reaches $10

Meanwhile, with the news of Elon Musk in the search for the new Twitter CEO, there could potentially be some price action for Dogecoin. In a latest clarification, Musk said he would still be leading the software and servers team even if he steps down. If Musk goes on to bring in a new CEO, it would be interesting to see how the new leadership plans to integrate crypto payments on the platform.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending