2024

Core

Dogecoin

April

<div class="finbold">
 <p class="paragraph">The cryptocurrency sector does not appear to be slowing down, with most of its assets currently exhibiting a bullish trend.&nbsp;</p>
 <p class="paragraph">According to the machine learning and artificial intelligence (AI) algorithms employed by <em>PricePredictions</em>, Dogecoin (DOGE) is not going against the grain on this one.&nbsp;</p>
 <p class="paragraph">As the advanced <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> projecting <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a> suggests, Dogecoin is set to reach $0.178075 by March 31, 2024, as per the most recent data acquired on March 6.&nbsp;</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">If these predictions prove correct, this would indicate a price jump of over 5% based on DOGE’s price today.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="491" src="https://cdn.thebittimes.com/images/2024/03/06/208d10ead7d1337346ded49bf0030063.webp" alt class="wp-image-159075" srcset="https://cdn.thebittimes.com/images/2024/03/06/208d10ead7d1337346ded49bf0030063.webp 1024w, https://cdn.thebittimes.com/images/2024/03/06/208d10ead7d1337346ded49bf0030063.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/208d10ead7d1337346ded49bf0030063.webp 768w, https://cdn.thebittimes.com/images/2024/03/06/208d10ead7d1337346ded49bf0030063.webp 1536w, https://cdn.thebittimes.com/images/2024/03/06/208d10ead7d1337346ded49bf0030063.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Dogecoin 1-month price forecast. Source: PricePredictions
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-dogecoin-price-chart-analysis">Dogecoin price chart analysis</h2>
 <p class="paragraph">While PricePredictions indicates a bullish trend during March, Dogecoin has encountered a decline of 8.7% over the past 24 hours.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="836" src="https://cdn.thebittimes.com/images/2024/03/06/3b39d7cfbe320b9ac8f7693e3248bf0c.webp" alt class="wp-image-159076" srcset="https://cdn.thebittimes.com/images/2024/03/06/3b39d7cfbe320b9ac8f7693e3248bf0c.webp 1024w, https://cdn.thebittimes.com/images/2024/03/06/3b39d7cfbe320b9ac8f7693e3248bf0c.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/3b39d7cfbe320b9ac8f7693e3248bf0c.webp 768w, https://cdn.thebittimes.com/images/2024/03/06/3b39d7cfbe320b9ac8f7693e3248bf0c.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Dogecoin 24-hour price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">According to the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> projecting <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>, this bearish trend is expected to continue in the short term.&nbsp;Still, the short term decline has little effect when compared to the stable pace at which Dogecoin has been progressing over the past seven days, with an increase of 71.78% and a 114.96% increase in the last month.&nbsp;</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="836" src="https://cdn.thebittimes.com/images/2024/03/06/023a09dfac5b0ce203c9ad9e4ba243cf.webp" alt class="wp-image-159077" srcset="https://cdn.thebittimes.com/images/2024/03/06/023a09dfac5b0ce203c9ad9e4ba243cf.webp 1024w, https://cdn.thebittimes.com/images/2024/03/06/023a09dfac5b0ce203c9ad9e4ba243cf.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/023a09dfac5b0ce203c9ad9e4ba243cf.webp 768w, https://cdn.thebittimes.com/images/2024/03/06/023a09dfac5b0ce203c9ad9e4ba243cf.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Dogecoin 7-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">On its technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) gauges, Dogecoin maintains its bullish trend. On a 1-week gauge,&nbsp; the moving averages (MA) are pointing at a ‘strong buy’ at 14, while the oscillators are at the ‘buy’ zone at 2.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="512" height="150" src="https://cdn.thebittimes.com/images/2024/03/06/b296b0b06d11b806ed5b07fa2c237f55.webp" alt class="wp-image-159078" srcset="https://cdn.thebittimes.com/images/2024/03/06/b296b0b06d11b806ed5b07fa2c237f55.webp 512w, https://cdn.thebittimes.com/images/2024/03/06/b296b0b06d11b806ed5b07fa2c237f55.webp 300w" sizes="(max-width: 512px) 100vw, 512px">
  <figcaption class="wp-element-caption">
   Dogecoin 1-week sentiment gauges, Source: TradingView
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-reasons-behind-dogecoin-progress">Reasons behind Dogecoin progress</h2>
 <p class="paragraph">Even though Dogecoin is riding the positive wave sweeping across the cryptocurrency market, its exponential rise over the past week can be attributed to other more nuanced factors as well.&nbsp;</p>
 <p class="paragraph">For one, DOGE is set to launch the final phase of its new core upgrade Dogecoin Core 1.14.7, thus boosting both performance and usability. The update is said to contain both bug fixes and security improvements.&nbsp;&nbsp;</p>
 <p class="paragraph">The recent rally is also related to the increased Dogecoin accumulation among large investors, often referred to as “whales.” Still, while the number of addresses holding over 100,000 DOGE has risen, the reported amount of those holding over 1 million DOGE has experienced a slight decrease.&nbsp;</p>
 <p class="paragraph">On a further note, the current price surge also coincides with historical trends detected before previous Bitcoin halvings, the latest of which is scheduled for April 16, 2024. Investors could be eyeing DOGE as a lucrative alternative investment, aiming for short-term gains. This trend is in line with the price surges DOGE experienced prior to the last two Bitcoin halvings, where it witnessed gains of 200% and 50%.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-dogecoin-price-on-march-31-2024-tbt81760.html">https://thebittimes.com/machine-learning-algorithm-predicts-dogecoin-price-on-march-31-2024-tbt81760.html</a></p>

Machine learning algorithm predicts Dogecoin price on March 31, 2024

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TheBitTimes

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