Dogecoin [DOGE], the very first meme cryptocurrency has continued to make headlines despite the introduction of a plethora of meme coins. However, lately, the asset has been subject to immense fluctuations. DOGE witnessed a 5% drop over the last 24 hours. This decline came alongside minor gains in other prominent meme coins. At press time, DOGE was trading at $0.1884 while demonstrating persistent volatility around the $0.20 mark. Back in March, DOGE managed to push past $0.22, which further ignited optimism among holders.
It looks like things may remain dull for Dogecoin throughout April. According to Changelly, DOGE is expected to trade around an average price of $0.175 during the month. In addition, the asset could rise to a high of $0.189 and might dip to a low of $0.161. The weekend will likely be bleak for the OG meme coin. The asset will dip by 1.47% down to $0.186949.
The prediction sheds light on the volatility that the cryptocurrency industry is currently submerged in. While DOGE’s short-term price trajectory remains uncertain, the community has been relying on Elon Musk to help pump the coin.
Also Read: Shiba Inu on Track to Flip Dogecoin, Analysts Predicts
Major Robinhood Transaction
The latest dip in Dogecoin was linked to a major transaction. According to Whale Alert, an analytics firm on X [formerly Twitter] shed light on a significant Dogecoin transaction. A mysterious whale went on to transfer a whopping 245 million DOGE to Robinhood, a prominent trading firm.
Furthermore, this transaction coincided with a sharp decline in DOGE’s price, plummeting by almost 8% within the past 24 hours. The news triggered a heated response within the Dogecoin community, underscoring the intense interest and engagement surrounding the meme coin.
Also Read: Dogecoin Weekly Prediction: Can DOGE Surge 50% To Hit $0.3?