The OG meme cryptocurrency Dogecoin (DOGE) has barely witnessed a notable uptick lately. Reaching the $1 zone seems almost impossible with its price movement over the years. Despite rising by 60% throughout the past 12 months, the meme coin remains 890% below the $1 mark. Amidst this, DOGE was trading at $0.1011 with a 0.10% dip over the last 24 hours.
Also Read: Gold Prices Trade Safe Above $2,500 as US Dollar Risk Looms
Meanwhile, the movement of DOGE into the wallets of significant holders rose by more than 118% during the previous day. According to data from IntoTheBlock, it went from 67.85 million to 148.36 million tokens, or $14.84 million.
The decrease in outflows is the real cause of the surge, not the increase in inflows. The amount of DOGE that significant holders withdrew from their wallets during the review period dropped by 45.9% to 111.41 million tokens.
Also Read: FLOKI: Double-Bottom Pattern – Next Big Investment with 20% Surge?
Dogecoin to Witness A Major Rise: Predictions and Insights
It looks like Dogecoin will see success in the coming years. Several cryptocurrency experts came together and predicted the price of the OG meme coin.
According to the Finder’s panel, DOGE is expected to trade at around $0.266 by the end of 2024. This is reportedly a 163% rise from its current price levels.
Despite being relatively small, this growth does seem like a massive gain for the DOGE community.
Long-Term Predictions
In addition, according to Finder’s panellists, DOGE will increase to $0.389 by the end of 2025, and the meme coin will rise to $0.98 by the end of 2030.
Also Read: AI Sets Shiba Inu (SHIB) Weekend Price (August 31st-September 1st)
Considering that DOGE achieved $0.73 in May 2021, both projections are comparatively pessimistic, and the $1 mark is still quite far away.
Credit: Source link
