Dogecoin Price Forecast as $3 Billion Investment Enters – Is $10 DOGE Possible?

DOGE has increased by 5% over the last 24 hours, with the Dogecoin price reaching $0.1651 as the cryptocurrency market also experienced a 5% rise today.

Despite this uptick, Dogecoin is still down by 20% over the past week, with the meme coin only gaining 2% in the last 30 days.

However, its trading volume has surged past $3 billion in recent days, as traders seek to acquire the token at a lower price.

With the market appearing poised for another rally following the weekend’s decline, DOGE may experience additional gains in the near term.

Dogecoin Price Forecast as $3 Billion Flows In – $10 DOGE on the Horizon?

The chart for DOGE indicates that the coin reached a low over the weekend, and today’s recovery is expected to persist for at least a few more days.

After dropping significantly below its 200-day average (blue) last night, the coin’s 30-day average (orange) has started to rise positively, with ample room for further increases.

Source: TradingView

In addition, DOGE’s relative strength index (purple) has climbed to 60 after dipping to 20 (twice) over the weekend, indicating that buying pressure has returned to the token, which could continue to elevate its price.

As previously mentioned, Dogecoin’s trading volume has rebounded significantly in recent days, although it remains below the levels seen in early March (when it exceeded $8 billion).

It appears that whales anticipate the coin’s price will continue to rise soon, with at least one whale recently transferring their DOGE holdings to an exchange.

99,253,084 #DOGE (16,153,109 USD) transferred from unknown wallet to #Robinhoodhttps://t.co/yCSkMvxcDb

— Whale Alert (@whale_alert) April 14, 2024

It is uncertain how significantly DOGE could rise in the near future, with some analysts divided on whether the Bitcoin halving (April 20) will be bullish or a sell-the-news scenario.

If it does create a more bullish environment (at least eventually), DOGE will be among the many coins to benefit from an increased interest in cryptocurrencies.

Regarding Dogecoin itself, it lacks the fundamentals to drive its price independently, although any future endorsement or mention from Elon Musk could facilitate brief price surges.

In the long run, it continues to await the potential for X to incorporate digital payments into its features, which could lead to a significant price increase if such payments include DOGE as an option.

If this occurs this year, DOGE could potentially reach $1.

If not, it may achieve $0.5 by the end of 2024.

Emerging Wave of Doge-Themed Meme Tokens

DOGE remains one of the most well-known meme coins in the market, yet it may not see substantial gains unless X implements Dogecoin payments.

Consequently, some traders might prefer to explore newer meme coins, especially those that have been conducting presales and gaining traction as they prepare for listing.

One of the most promising options for Doge enthusiasts is Dogeverse (DOGEVERSE), a multi-chain meme coin that has raised over $4.5 million in its ongoing sale.

#Cosmo is buzzing with excitement this morning! #DOGEVERSE has reached another insane milestone!

Raising more than $4.5 million!

Have a great week everyone and let’s get our next goal of $5M! pic.twitter.com/JLGxocKaD1

— DogeVerse (@The_DogeVerse) April 15, 2024

As a multi-chain meme coin, Dogeverse will initially launch on Ethereum before bridging to Polygon, BNB Chain, Solana, Avalanche, and Base.

By being compatible with various chains, DOGEVERSE will be more accessible and functional than many other similar meme coins, with the token likely finding numerous applications across different platforms.

Additionally, it features deflationary tokenomics, with the total supply capped at 200 million.

It also supports staking, which should lead to a significant portion of the token being removed from circulation.

Combined with the fixed supply, this could result in a substantial increase in relative demand, driving its price upward over time.

Step into the #DOGEVERSE, the pioneer in #Doge Meme #Tokens, spanning across #Ethereum, #BNB Chain, #Polygon, #Solana, #Avalanche, and #Base.

Join our interconnected galaxy of $DOGE enthusiasts, where community, rewards, and playful creativity collide! pic.twitter.com/7ZSoanpV5s

— DogeVerse (@The_DogeVerse) April 14, 2024

These attributes position DOGEVERSE as one of the most intriguing and potentially successful new coins of the year, with investors able to participate in its sale at the official Dogeverse website.

1 DOGEVERSE is currently priced at $0.000295, although this will increase with each new phase of the sale.

It is also expected to rise significantly once the sale concludes and the token is listed on exchanges, with DOGEVERSE’s unique structure making it one to monitor.

Buy DOGEVERSE Today

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