The cryptocurrency industry is ever buzzing with speculation. This time, the focus is on Dogecoin (DOGE), the OG meme cryptocurrency. While its roots trace back to a lighthearted internet meme, DOGE has managed to capture the attention of several across the globe. Now, in a protracted crypto bull market situation, the most asked question around the asset has yet again surfaced: Will Dogecoin break the elusive $1 mark by the end of April 2024?
The latest surge in Bitcoin (BTC) began back in October 2023. It has not only pushed established cryptocurrencies it has also ignited momentum in both new and old meme coins. Currently, DOGE is valued at $0.1591 after experiencing a marginal 1% daily decline. While some experts remain optimistic about DOGE’s outlook for its near future, a few others predict a bearish trend towards the end of the month. Changelly revealed that Dogecoin will encounter a potential decline of 2% from its current price and drop to $0.156570.
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Dogecoin Founder Weighs In On Bitcoin Halving
Billy Markus, one of the creators of DOGE took to X [formerly Twitter] and shared his insights about the aftermath of the Bitcoin halving. The halving occurred on April 20 at block 840,000. The hype around this event has been surfacing and the community had unrealistic expectations about the potential price of the asset. However, Markus dismissed these notions and instead gave a humourous reminder of the unpredictable nature of the crypto market.
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Certainly, Dogecoin will not reach the $1 mark by the end of the month. However, the community has its bets on the possible rise but the exact timeframe remains uncertain.