The crypto community predicts small Dogecoin ($DOGE) price increase by the end of April
The cryptocurrency community expects the price of the meme-inspired cryptocurrency Dogecoin ($DOGE) to rise slightly by the end of this month, as the average of nearly 1,000 estimates points to a rise of around 3%.
According to CoinMarketCap’s price prediction feature, the cryptocurrency community expects to see the meme-inspired cryptocurrency trade at around $0.0873 per token, up from the current level of $0.0848, representing an increase of around 3%.
It is important to point out that the predictions of the cryptocurrency community may not come to life at all. According to the platform, the community’s historical accuracy is just over 79%, with recent data showing it was around 91% in February, but dropped to around 89% in March 2023. It was at 51% last October.
The Dogecoin community celebrated Twitter CEO Elon Musk changing the microblogging platform’s logo to DOGE briefly earlier this month, but was soon stunned after Musk suddenly removed the logo.
Musk replaced Twitter’s traditional bird logo with the widely recognized Dogecoin symbol on the Twitter homepage in a platform-wide change, showing DOGE to over 360 million monthly active users on the microblogging platform.
Musk has now decided to put Twitter’s bird logo back in the top left corner of the Twitter homepage, dealing a crushing blow to the hopes of many DOGE fans that Twitter would somehow integrate Dogecoin into Twitter in the near future, and this has had an immediate negative impact on the DOGE price.
As reported, a popular cryptocurrency analyst has confirmed that they believe the price of the meme-inspired digital currency is set to rise in the near future, eyeing a 180% increase that could be triggered by the “meme holiday” on April 20 (4 ) /20).4/20 is a meme holiday because it’s a day when pot smokers around the world celebrate marijuana culture in their own special way. The date 4/20 is derived from the code 420, which was used by a group of high school students in California in the 1970s to signal their meeting time to smoke weed.
Countless memes wonder about the effects of marijuana, the stereotypes of cannabis users, the drug’s legal status and the reactions of celebrities and politicians. For pseudonymous cryptocurrency strategist Kaleo, these memes will also help DOGE pump, as he expects Twitter, Tesla and Space X CEO Elon Musk to tweet about the cryptocurrency.
As CryptoGlobe reported, tens of billions of DOGE tokens are now held by long-term investors, as entities that have held onto the cryptocurrency for over a year now hold 44.8 billion tokens, worth over $4.5 billion.
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