It’s the most wonderful time of the year, and crypto investors are seeking the best investments from throughout the market to the end of December! However, as the largest meme coin on the market, we gift you a Dogceoin (DOGE) price prediction for Christmas Day 2023!
Currently, Dogecoin is down 6% over the last 24 hours, and trading at $0.0888, according to CoinMarketCap. Additionally, the asset experienced a price correction from an upward chart over the last month. So, let’s break down if the asset can rebound from the sharp downtrend. Moreover, what could we expect on Christmas morning from the meme coin?
Also Read: When Will Dogecoin Breach Its All-Time High of $0.73?
Dogecoin Predicted to Bring Some Holiday Joy This Christmas?
It is the week before Christmas, and the market is seeing how best to invest their funds in the season of tidings and good cheer. However, with so much volatility taking place, is Dogecoin a good token to buy on Christmas Day? Well, let’s delve into some numbers.
According to price prediction platform Changelly, Dogecoin is forecast to trade at $0.098 on Christmas Day, with a noted 2% jump from the previous Christmas Eve. Altogether, December is notable for its overall volatility jump for the meme coin. Still, Christmas Day provides a clear upswing for the token’s performance.
Also Read: Dogecoin Whales Purchase $127 Million Worth of DOGE
Before the Christmas rally for Dogecoin, it is predicted to be preceded by consecutive days of 1% losses. Moreover, with the price reaching $0.093 on December 21st, its Christmas Day price is expected to be a high for that month. Subsequently, it is expected to experience a stark downturn that lasts through much of January.
The day after Christmas the toke is expected to drop 1.5%, to a price of $0.094. Thereafter, it will witness massive declines throughout the first month of 2024. Conversely, in just five days after that Christmas Day price, the token is predicted to fall a remarkable 12%. Specifically, the final week of December will see it trade at $0.084 on December 31st.