“Can Dogecoin Reach $1 by 2023 with an Influx of $400 Million Trading Volume? A Price Prediction Analysis”
The value of Dogecoin has fallen by 2% in the past 24 hours to reach $0.071674 on 17 March. The cryptocurrency’s 24-hour trading volume has also returned to $400m. The token’s price overall is down by 12% over the past week, and by 20% over the past month, but could stage a recovery thanks to news of new exchanges listing the token this month and the possibility of Twitter integrating Dogecoin payments. Analysts predict that Dogecoin will hit an end-of-year price of $0.1, which represents a 39% increase from its current price. However, supporters of the token believe that it could eventually break its all-time high of $0.731578 and will eventually reach $1 if it is made available as a payment option on Twitter. The success of Dogecoin is tied closely to Tesla founder Elon Musk’s statements about the cryptocurrency, as he has frequently supported it and has more than once toyed with the idea of accepting payment in Dogecoin for Tesla products.
About The Author
