Dogecoin was trading around the $0.0638 mark on Wednesday and has remained in the red for six consecutive days. DOGE has barely performed in the last six months, delivering little to no profits to investors. The once ‘happening’ meme coin is now the least-performing cryptocurrency in 2023. However, will Dogecoin turn the tide this month and end up on the positive side of the spectrum? In this article, we will highlight a price prediction for DOGE for the end of the month.
Dogecoin: AI Predicts DOGE Price For September 30
PricePredictions, the machine learning algorithm using AI technology to track cryptocurrency prices, has painted a bearish picture for Dogecoin. According to the forecast, DOGE could trade flat this month, delivering no profits to investors in the next three weeks.
The AI has predicted that Dogecoin could reach $0.0635 by the end of this month, on September 30, 2023. The price range is lower than its current price, indicating that the meme coin could trade on the razor’s edge. The meager price range gives no opportunity for investors to book profits.
Therefore, investors might find it hard to book profits as DOGE might have no momentum or volatility this month. It is advised to remain cautious before taking an entry position in DOGE in the coming weeks. Investments could remain stagnant as the leading meme coin is trading flat.
Nonetheless, the only hope for the meme currency to scale up in price would be when Elon Musk announces DOGE as a payment service on X (formally Twitter). Moreover, the chances of that occurring in the next three weeks remain slim and are wishful thinking.
At press time, Dogecoin was trading at $0.0638 and was down 0.3% in the 24-hour day trade. However, DOGE is also down close to 92% from its all-time high of $0.73, which it reached in May 2023.