With the support of the Twitter logo change news, the price of DogecoinDoge increased significantly in April 2023, but only for a brief period of time. Traditionally, the category of memes is often driven by hype and hype, lacking fundamental strength
With the support of the Twitter logo change news, the price of DogecoinDoge increased significantly in April 2023, but only for a brief period of time. Traditionally, the category of memes is often driven by hype and hype, lacking fundamental strength. Therefore, the rise of gold coins or bull market cycles may lead to a significant drop in the price of dogs. However, due to the impact of the decline in Bitcoin prices on the password market, there is currently not much strength at the current level.
Analysts predict dog prices in 2023
Cryptographic analysts can credibly say that after the n impulse movements in 2021, the price of Dogkorin has a correction stage, which makes the cryptocurrency in a good position. He predicts that there may be another impulse to break through the $0.70 range from the current level next. Trusted investors recall that when the price of a dog far exceeded the expected line, the argument for a market cap was clearly rejected. The market value of Doge is $11.67 billion, which is 50 times the market value of Bitcoin.
In terms of accumulated good prices, this analyst suggests building a position below $0.5. However, as new investments begin to flow into the cryptocurrency market, the trend of Bitcoin prices towards historic highs may lead to a significant rebound in counterfeit currency, he said. Otherwise, the price of commemorative coin may rise in the short term when the rise brought by ElonMusk turns into speculation of Dogecoin. Earlier, the successful launch of Starship resulted in a price increase of over 4% for DOGE, although this news had no remote connection to cryptocurrency.
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