Cryptocurrency

Dogecoin

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 <p class="paragraph">Despite the extended bear market, Dogecoin (DOGE) has been able to keep its position among the 10-largest cryptocurrencies by market capitalization, with a total speculative value of $8.75 billion and an inflating circulating supply of 141.22 billion DOGE. However, the Dogecoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> is still challenging for the end of 2023.</p> 
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 <p class="paragraph">Even with a reported dilution of around 13.7% in the last three years, the leading memecoin and favorite cryptocurrency of the richest man on earth, Elon Musk, continues to offer an interesting opportunity for crypto traders and investors around the world.</p> 
 <p class="paragraph">As we approach the final quarter of the year, Finbold has turned to <em>CoinCodex</em>‘s AI-powered price prediction algorithms to gauge Dogecoin’s price trajectory by December 31, 2023, and January 31, 2024, especially given its current year-to-date gain of 2.5%.</p> 
 <p class="paragraph">In which the artificial intelligence predicts the Dogecoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> to be at $0.150189 per DOGE, representing gains of 150% from the end of 2023’s <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> of $0.059966, after a slight loss of value from the current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="513" src="https://cdn.thebittimes.com/images/2023/09/30/01725f3692832c7daca8e59c0e92f6d1.webp" alt="Dogecoin price forecast end of January 2024." class="wp-image-130726" srcset="https://cdn.thebittimes.com/images/2023/09/30/01725f3692832c7daca8e59c0e92f6d1.webp 1024w, https://cdn.thebittimes.com/images/2023/09/30/01725f3692832c7daca8e59c0e92f6d1.webp 300w, https://cdn.thebittimes.com/images/2023/09/30/01725f3692832c7daca8e59c0e92f6d1.webp 768w, https://cdn.thebittimes.com/images/2023/09/30/01725f3692832c7daca8e59c0e92f6d1.webp 1536w, https://cdn.thebittimes.com/images/2023/09/30/01725f3692832c7daca8e59c0e92f6d1.webp 1736w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Dogecoin price forecast end of January 2024. Source: CoinCodex 
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 <h2 class="wp-block-heading" id="h-dogecoin-price-analysis">Dogecoin price analysis</h2> 
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 <p class="paragraph">At the time of publication, DOGE is changing hands for $0.06198, with discrete gains of 0.52% intraday. Additionally, the 24-hour exchange volume is close to $100 million, accounting for around 1.15% of Dogecoin’s market cap — representing a historically low volume for the cryptocurrency.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/09/30/e9bc782c7342ac2ea11cd908200a35ae.webp" alt="DOGE price 1-week price chart." class="wp-image-130727" srcset="https://cdn.thebittimes.com/images/2023/09/30/e9bc782c7342ac2ea11cd908200a35ae.webp 1024w, https://cdn.thebittimes.com/images/2023/09/30/e9bc782c7342ac2ea11cd908200a35ae.webp 300w, https://cdn.thebittimes.com/images/2023/09/30/e9bc782c7342ac2ea11cd908200a35ae.webp 768w, https://cdn.thebittimes.com/images/2023/09/30/e9bc782c7342ac2ea11cd908200a35ae.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    DOGE 1-week price chart. Source: Finbold 
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 <p class="paragraph">Notably, the Dogecoin price went through a high-volatile week, now recovering from meaningful losses, trading as low as $0.06089 per DOGE on September 26. This volatility offered interesting trading opportunities for day traders and swing traders amid the reported low liquidity moment the market is going through.</p> 
 <p class="paragraph">All things considered, the AI’s <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> can not be considered in a vacuum. The ability of Dogecoin’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> to meet the above prediction will deeply depend on further developments, news, and macroeconomics that are yet to come.</p> 
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-forecasts-dogecoin-price-for-the-end-of-2023-tbt64686.html">https://thebittimes.com/ai-forecasts-dogecoin-price-for-the-end-of-2023-tbt64686.html</a></p>

AI forecasts Dogecoin price for the end of 2023

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