The first meme cryptocurrency, Dogecoin [DOGE], created a commotion in the cryptocurrency market. The asset received the warmest support from multi-billionaire Elon Musk, who also played a key role in retaining its name in the community. Musk’s actions consequently directly affected the price of DOGE. His recent Twitter purchase had a sizable effect on the asset’s price.
October was a particularly strong month for Dogecoin. Meme coin gained 119% during this time, outpacing gains made by other well-known altcoins.
However, most of the gains have been erased due to several unforeseen events in the cryptocurrency realm. As 2023 is here, here is our price prediction for the rest of the year.
Dogecoin price prediction for 2023
At press time, DOGE is trading at $0.7273, with a spike in value of 4% over the last 24 hours. The meme coin is down by 29.4% in the last 14 days and up by 2.14% in the last seven days. according to the data from CoinMarketCap.
Cryptocurrency experts at Changelly predicted the price of DOGE based on the behavior of Dogecoin at the beginning of 2022. The minimum price of DOGE is expected to be $0.0989901 in 2023. The maximum expected price is $0.119988, and the average price is $0.09999.
This is just a speculation and it can turn either way depending on the whole market sentiment.