Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times.
In an attempt to participate in the meme coin frenzy, many users have shown interest in joining this growing trend. Dogecoin played a pivotal role in initiating the meme coin craze and subsequently inspired the development of various coins that aim to emulate its success.
With numerous users getting their hands on Dogecoin, a question arises about how high DOGE can go by May end. With the whole market trading in green and DOGE reclaiming the $0.16 level, here is our price prediction for May end.
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Can DOGE hit $0.2 by May end?
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Dogecoin price predictions shoot up by May end.
Based on Dogecoin’s behavior at the start of 2024, cryptocurrency experts at Changelly predicted the price of DOGE for May end. For this timeframe, DOGE’s minimum price is anticipated to be $0.153. The maximum price expected is $0.163. According to Changelly analysis, DOGE is unlikely to hit the $0.2 level by May end.
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According to CoinGecko data, Dogecoin has reclaimed the $0.16 level. DOGE is trading at $0.1635, with a 2.2% drop in value over the last 24 hours. Dogecoin is up by 9.2% in the last seven days.
The accuracy of these predictions, however, remains uncertain, as they can easily be influenced by Elon Musk’s tweets. In the past, Musk’s tweets have had an impact on driving speculation surrounding the price of Dogecoin.