Cryptocurrency

Dogecoin

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 <p class="paragraph">Amid a renewed wave of optimism in the cryptocurrency market that has seen most digital assets trading in the green, Dogecoin (DOGE) has been a solid performer.</p>
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 <p class="paragraph">Additionally, the crypto analyst <em>Ali Martinez</em> offered an exciting insight on X on October 29 into this meme coin’s price. According to him, Dogecoin was showing “promising signs,” with the cryptocurrency “breaking out of a multi-year descending triangle on the weekly chart.</p>
 <p class="paragraph">Intrigued by recent news and whether the current bullish sentiment is justified, Finbold decided to utilize the artificial intelligence (AI) of ChatGPT on where DOGE’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> might stand on January 1, 2024.</p>
 <h2 class="wp-block-heading" id="h-chatgpt-weights-doge-s-prospects">ChatGPT weights DOGE’s prospects</h2>
 <p class="paragraph">Despite declining to offer a specific <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> for this digital asset, ChatGPT from OpenAI, DOGE’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trajectory in the next two months hinges on six critical factors.&nbsp;</p>
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 <p class="paragraph">The AI identifies these factors as market sentiments, adoption and use cases, market trends, regulatory development, technological updates, and macroeconomic surroundings of Dogecoin.</p>
 <figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/11/10/a1b573163fe2298569c164e2ef759272.webp" alt="Key factors influencing the price of Dogecoin (DOGE) Source: ChatGPT and Finbold
" class="wp-image-136766" width="690" height="477" srcset="https://cdn.thebittimes.com/images/2023/11/10/a1b573163fe2298569c164e2ef759272.webp 690w, https://cdn.thebittimes.com/images/2023/11/10/a1b573163fe2298569c164e2ef759272.webp 300w" sizes="(max-width: 690px) 100vw, 690px">
  <figcaption class="wp-element-caption">
   Key factors influencing the price of Dogecoin (DOGE). Source: ChatGPT and Finbold
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 <p class="paragraph">With the news of DOGE potentially being used as a currency on X social network, it is no wonder that AI highlights ‘adoption and use cases’ as well as ‘market sentiment’ as two leading factors, as they might prove crucial in driving Dogecoin’s value in an upward manner.</p>
 <p class="paragraph">However, ChatGPT’s counterpart, Google Bard, was more concise and offered a range of $0.07 and $0.10 as a predicted <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> for this digital asset by the <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a> of 2024.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="290" src="https://cdn.thebittimes.com/images/2023/11/10/d201c4c9934543450809a4471be42885.webp" alt="DOGE price prediction for the start of 2024  Source: Google Bard and Finbold
" class="wp-image-136767" srcset="https://cdn.thebittimes.com/images/2023/11/10/d201c4c9934543450809a4471be42885.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/d201c4c9934543450809a4471be42885.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/d201c4c9934543450809a4471be42885.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/d201c4c9934543450809a4471be42885.webp 1145w" sizes="(max-width: 1024px) 100vw, 1024px">
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   DOGE price prediction for the start of 2024. Source: Google Bard and Finbold
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 <h2 class="wp-block-heading" id="h-dogecoin-price-analysis">Dogecoin price analysis</h2>
 <p class="paragraph">As things stand, DOGE was at press time changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.07, down -4.09% in the last 24 hours, contradictory to the 8.72% gain across the previous seven days and rallying an impressive 24.75% in the last month alone, according to the latest charts on November 10.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/10/08b38220c3d034d44b8a8e1261f72088.webp" alt="DogeCoin 7-day price chart  Source: Finbold
" class="wp-image-136771" srcset="https://cdn.thebittimes.com/images/2023/11/10/08b38220c3d034d44b8a8e1261f72088.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/08b38220c3d034d44b8a8e1261f72088.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/08b38220c3d034d44b8a8e1261f72088.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/08b38220c3d034d44b8a8e1261f72088.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Dogecoin 7-day price chart Source: Finbold
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 <p class="paragraph">It is essential to notice that this asset has experienced 19 green days in the previous month and is trading above the 200-day simple moving average.</p>
 <p class="paragraph">However, it has been outperformed by 75% of the top 100 crypto assets in a year, and it is still down 90% from its all-time high of $0.72.</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/chatgpt-predicts-dogecoin-price-for-start-of-2024-tbt69870.html">https://thebittimes.com/chatgpt-predicts-dogecoin-price-for-start-of-2024-tbt69870.html</a></p>

ChatGPT predicts Dogecoin price for start of 2024

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