Greed

2024

Dogecoin

The <a href="https://bitcoinist.com/similarities-dogecoin-and-pepe/">future price of meme coins such as Dogecoin</a> has always been of interest to crypto users, especially given their widespread popularity even among non-investors. There have been multiple predictions for where the DOGE price might be in 2024. And one of those predictions has been given by the machine learning algorithm at CoinCodex. 
<h2 class="p2" id="dogecoin-outlook-for-january-is-bearish">Dogecoin Outlook For January Is Bearish</h2> 
The machine learning algorithm at CoinCodex has <a href="https://coincodex.com/crypto/dogecoin/" rel="nofollow noopener" target="_blank">predicted</a> where the Dogecoin price will be this January and it has been far from negative. Contrary to the calls for a rally for the meme coin, especially as the <a href="https://bitcoinist.com/dogecoin-satellite-coins-to-watch/">DOGE-1 space mission</a> draws closer, the algorithm expects the price to fall rather than climb. 
The one-month prediction from the machine learning algorithm puts the price of Dogecoin at $0.081. Now, taking into account the fact that the DOGE price is currently sitting at $0.0923 at the time of this writing, it means that the algorithm expects the altcoin’s price to fall around 13% from here. 
Interestingly, the shorter-term outlook for Dogecoin is much more favorable. The algorithm expects the <a href="https://bitcoinist.com/dogecoin-cardano-affected-in-binance-delisting/">DOGE price</a> to see a small increase in price in the next five days. It puts the expected price point at $0.0944, which would be a 1.16% increase from its current value. 
Additionally, the Fear &amp; Greed Index shows a high greed level of 71 for Dogecoin, a good number for a bullish rally. However, this has not had much sway in the algorithm’s prediction. However, it maintains that it is still a good time to buy DOGE. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/FuUBDGKv/" alt="Dogecoin price chart from Tradingview.com" width="3266" height="1530"> 
<h2 class="p2" id="doge-entering-a-quarter-of-uncertainty">DOGE Entering A Quarter Of Uncertainty</h2> 
Despite prices across the crypto market being on the up, the <a href="https://bitcoinist.com/dogecoin-5-3-million-holders-compares-top-coins/">Dogecoin price</a> is entering a quarter that is usually masked by uncertainty. The first quarter of each year has always been hit or miss for the meme coin, with alternating performances during this time. 
In the last 10 years, there have been an equal number of first quarters ending in profit as those ending in losses, making five each. However, taking an average of all of the returns puts it in the green, which could ultimately be a good thing for the price. 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-272250 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=606&amp;resize=606%2C420" alt="Dogecoin" width="606" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=1736 1736w, https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=606&amp;resize=606%2C420 606w, https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=952 952w, https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-16.51.10.png?w=1140 1140w" sizes="(max-width: 606px) 100vw, 606px" data-recalc-dims="1"> 
Nevertheless, data from CoinCodex shows that Q1 remains the second-best performing quarter for Dogecoin at an average of 106.04%, following closely behind the second quarter at 109.80%. 
The <a href="https://bitcoinist.com/dogecoin-cardano-affected-in-binance-delisting/">DOGE price</a> is trending at $0.092 at the time of this writing, 87% below its all-time high price of $0.738.

Machine Learning Algorithm Predicts Dogecoin Price For January 2024

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