Predicting the End of 2023 Dogecoin Price
Dogecoin, the leading meme cryptocurrency, has been struggling to climb above $0.09 since the beginning of the year and has been mostly trading sideways. The coin, which added an extra ‘zero’ last year due to the bear market, is now testing the patience of its investors who want to see it skyrocket in price. However, a rally seems unlikely due to the pressure on the banking sector and overall financial markets. On-chain and metrics firm Changelly predicts that Dogecoin could briefly touch $0.1 before retracing in price by the end of the year. The forecast suggests that Dogecoin could reach a maximum high of $0.109989 in December 2023, up nearly 45% from its current price of $0.07. The minimum trading price is expected to be $0.0989901. At press time, Dogecoin was trading at $0.07, up 5.9% in the 24-hour day trade but down 89.58% from its all-time high of $0.73 reached in May 2021.