Dogecoin

After Twitter (NYSE: <a href="https://finbold.com/stock/twitter-stock-twtr/" rel="noopener noreferrer nofollow">TWTR</a>) CEO Elon Musk changed the social media app logo on its homepage from its blue bird to the Dogecoin (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>) image, in turn, the price of the dog meme <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> <a href="https://finbold.com/dogecoin-skyrockets-after-musk-randomly-changes-twitter-icon-to-dogecoin/" rel="noopener noreferrer nofollow">spiked</a> by about 30% Monday, April 3.Dogecoin’s price had leveled off slightly by April 4, but it was still up nearly 24% in 24 hours,  selling at just under 10 cents per token, its highest price since early February.  With the hype around the dog coin, crypto traders and investors are now carefully watching for any more indicators suggesting that more growth is in the cards for Elon Musk’s favorite cryptocurrency coin.With this in mind, <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> has consulted the machine learning algorithms at the crypto tracking platform PricePredictions. As it happens, the algorithms using artificial intelligence (AI) technology predict that DOGE will be trading at $0.103899 on April 30, 2023, according to the latest <a href="https://pricepredictions.com/forecast/dogecoin" rel="noopener noreferrer nofollow">data</a> retrieved on April 4.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/01d8e1d2211f45ec9290e4f97a3f3a0d.jpg" />DOGE 30-day price forecast. Source: <a href="https://pricepredictions.com/forecast/xrp" rel="noopener noreferrer nofollow">PricePredictions</a>This forecast, which represents a 6.12% increase from the meme coin’s price of $0.0979 at press time, relies on technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) indicators, such as moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>), moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), and others.In the short term, based on the Dogecoin technical analysis, it is in a bullish trend in the long term; as such, the price of DOGE is expected to increase by $0.0025 over the next seven days, reaching $0.10176 by April 11.<h2 id="header-0">DOGE price analysis</h2>As things stand, Dogecoin is currently trading at the price of $0.09819, recording an increase of 24.7% on the day and a more significant gain of 35.95% across the previous week. Recent data indicates that DOGE added over $3 billion to its market cap in the previous 24 hours and almost $4 billion in the last week.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b2587393e48a4f2e90d3d9a4df20a46a.jpg" />DOGE 1-day price chart. Source: <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">Finbold</a>Meanwhile, the DOGE <a href="https://www.tradingview.com/symbols/XRPUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">sentiment</a> on the one-day gauges at the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto monitoring website TradingView is <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a>. Namely, its summary suggests a ‘strong buy’ at 16, resulting from oscillators pointing at a ‘neutral’ at eight and moving averages in the ‘strong buy’ zone at 14.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/56cd5ffa07b440659bd6579130c794a8.jpg" />DOGE 1-day sentiment gauges. Source: <a href="https://www.tradingview.com/symbols/XRPUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>Finally, before Elon Musk made the move on Twitter, Finbold had named DOGE as one <a href="https://finbold.com/cryptocurrencies-to-watch-for-the-week-of-april-3-2023/" rel="noopener noreferrer nofollow">crypto to watch this week</a> due to accumulation taking place and to watch this month <a href="https://finbold.com/top-5-cryptocurrencies-under-0-10-to-buy-in-april-2023/" rel="noopener noreferrer nofollow">under $0.10</a> as it has potential for growth after its <a href="https://finbold.com/guide/blockchain-developer/#h-blockchain-developer-jobs-and-other-blockchain-professionals" rel="noopener noreferrer nofollow">developers</a> recently <a href="https://twitter.com/michilumin/status/1639033391579549697" rel="noopener noreferrer nofollow">announced</a> a series of upcoming additional upgrades, such as support for QR codes, other languages, message signing, and Windows builds.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Machine learning algorithm sets Dogecoin price for April 30, 2023

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Finbold

Інші статті, опубліковані 4 квіт. 2023 р.

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