Investors Give Their Prediction for the Dogecoin Price In 2023
Dogecoin is the Memecoin with the greatest market capitalization in the cryptocurrency business and has dropped by more than 9% in value in the past 24 hours.
The recent decline has sent DOGE’s price down to almost $0.086. Even in the previous week, bears have been in charge of the token’s price, sending Dogecoin down over 16% in that time, as reported by CoinGecko.
Within the last 24 hours, DOGE has created the third-most liquidations behind Ethereum and Bitcoin.
According to data compiled by Coinglass, $6.34 million worth of Dogecoin was traded on the cryptocurrency exchange Binance. About $3.79 million, or roughly half, was liquidated during the past 24 hours.
It has taken a while for losses to chip away at the substantial gains made at the end of November, but they haven’t yet completely erased them. This was all due to persistent rumors that Elon Musk would integrate cryptocurrency into Twitter.
The new CEO of Twitter recently gave a presentation detailing user data for the platform in addition to various new enhancements, such as encrypted chat and long-form tweets. A vacant box next to the “Payments” section has fueled speculation that Musk is about to launch his own cryptocurrency. But there is scant evidence that he will really implement these ideas.
Bears Grip Dogecoin Price As It Lacks Utility
Investors in cryptocurrencies are warning against Dogecoin after the meme cryptocurrency suffered greatly following FTX’s collapse. The current price of DOGE is $0.08986, which is down 885.0% from its all-time high a year ago.
The excitement around Elon Musk’s acquisition of Twitter has subsided as observers have lost trust in the billionaire’s bad judgment. To that end, Dogecoin’s monetary outlook is cloudy, especially given the cryptocurrency’s lack of practical use.
It has been noted by experts that there are more suitable blockchain alternatives for Twitter than Dogecoin. Dogecoin has always struggled to function properly, which leads to a lack of strength in the market as a whole.
The Future of Dogecoin Is Gloomy in 2023
Dogecoin is a meme token that has seen high market volatility, so even Musk’s love for it could not be enough to sustain it in the future year. As coins with minimal practical utility continue to be eradicated with each passing day, major analysts predicted a 2023 decline for Dogecoin to $0.02.
Are There Better Alternatives?
For those who have invested in Dogecoin (DOGE), the situation is likely to worsen before it improves. However, there are tokens worth investing in during the presale phase.
The following are the tokens:
Dash 2 Trade
Cryptocurrency traders and other market players have been waiting a long time for improved, trustworthy, and precise information to make lucrative trades.
There are several online options, but no comprehensive crypto trading intelligence platform that provides traders with sophisticated resources to enhance their expertise has ever existed. So, it’s fair to assume that Dash 2 Trade is the cryptocurrency industry’s next big thing.
Using the innovative crypto metrics and social trading features of Dash 2 Trade, users will have an easier time determining which cryptocurrency will produce the highest returns. D2T which is Dash 2 Trade’s native ERC-20 coin is now selling for $0.05 during stage 3 of the presale.
The rapid expansion of D2T suggests that investors view the company as reliable enough to back before Stage 3 price increases for individual tokens. Dash 2 Trade has undergone security audits and verification by CoinSniper and SolidProof to reassure inexperienced traders.
Best of all, participants may win a total of $150,000 by submitting numerous submissions to the project. The D2T presale is an opportunity to back a ground-breaking initiative.
Nearing the end of its presale, D2T has already collected approximately $9.55 million and 99.79% of tokens were bought in stage 3. In a little over 24 hours, they were able to raise $400,000. Visit dash2trade.com to participate in
Calvaria’s Duels of Eternity is a P2E game that takes the shape of a dramatic but quaint card fight system. Calvaria that was motivated to promote bitcoin adoption in the gaming community by the popularity of the trading card game Yu-Gi-Oh, cites the game as an inspiration.
RIA is the native token of Calvaria. It is a digital asset and is essential to the healthy functioning of the Calvaria ecosystem’s token economy. The asset may be used to buy NFTs in the in-game marketplace and converted back to RIA if the user decides to cash out their profits.
And that’s not all. Players interested in staking RIA to increase their token earnings or participate in the decentralized autonomous organization (DAO) that governs the Calvaria game can do so. To take part in any of the contests and community projects, RIA is a must.
Now is the time to invest in Calvaria, since the presale for the platform’s governance token, RIA is active. The whole infrastructure of the project is powered by the RIA tokens, which are competent ERC-20 cryptocurrencies.
Incredibly, RIA has managed to garner $2.42 million from investors. Calvaria’s creators have indicated they would reduce the presale from ten stages to five in order to optimize returns for backers and kick off the development of the game.
As the presale for RIA nears its conclusion, just about 28% of tokens are available for purchase. Visit calvaria.io to participate.
The sandbox-style game of the Metaverse is called RobotEra. TARO is the name of the native token. When operating in the Metaverse, players can choose to generate their own planets and harvest materials from them. Users in this system function as robots that can communicate with one another.
The newly released TARO is doing exceptionally well in its presale phase. Players in this Metaverse can run promotional events on their own continent, collaborate with other NFT communities to build a thriving ecosystem and complete quests that take them to all corners of the globe.
Income may be earned both actively and passively in the play-to-earn (P2E) game through a variety of means, including the purchase and management of NFTs and the creation of their Metaverse.
The game puts players on the fictional planet Taro, which was wiped out in a cataclysmic incident. The goal of the game is to reconstruct the digital environment via various actions and earn rewards.
In RobotEra, users get to create their own personalities with the use of customizable avatars. Non-fungible tokens are used to buy real estates such as land, properties, and buildings (NFTs).
Players of any level can participate in the game’s main goal to reconstruct Planet Taro and win rewards in the process, or they can choose from a variety of optional quests.
Commercial complexes, residential structures, cultural institutions, sports arenas, and much more are all up for grabs in this construction simulation game. All kinds of advantages await the gamers who acquire these items and put them up for sale. A player can make money in a variety of ways, such as by charging entry to a museum they created or by hosting concerts and selling tickets.
Presale purchases of TARO, RobotEra’s native token, can be made at this time. The platform is still introducing more and more features making it the best opportunity for investors to invest in a token with exponential returns and high potential.
RobotEra’s complete infrastructure is run by TARO. The crypto asset is not only useful for the management of the gaming infrastructure but it can also be used to acquire non-fungible tokens (NFTs) and other in-game assets.
Over $528,000 was raised in less than two months, making TARO’s presale available. This large gain in value during a bad market is indicative of a high amount of interest in the asset.
Currently, a share of TARO can be purchased by investors for only $0.025 from robotera.io. However, once new presale milestones are achieved, its price is likely to increase more.