Dogecoins (DOGE), coin memes iconic, has succeeded in stealing the attention of crypto enthusiasts around the world and we are waiting for price predictions.
As a pioneer coin memes, DOGE has inspired a number of other animal-themed cryptocurrencies and created a frenzy among users eager to get on board with this viral trend.
Know Meme Coins First in the World
Dogecoins are coin memes the world’s first, introduced in 2013 as a parody of the then-popular internet phenomenon by displaying images memes a dog Shiba Inu with a cute facial expression.
Dogecoin is based on the same blockchain technology used by Bitcoin, but with a difference in the consensus algorithm.
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Founded by Billy Markus and Jackson Palmer, Dogecoin was originally intended for entertainment purposes and was not considered a serious project in the crypto world.
However, due to its unique appeal and growing community, Dogecoin is gradually starting to gain serious attention from users and investors around the world.
DOGE Price Prediction
Watchers News reported that, DOGE is currently trading in the range of US$0.07277, experiencing a surge in value of 2.3 percent in the last 24 hours.
According to CoinMarketCap data, early Dogecoin investors have seen an astonishing ROI of 85,055 percent.
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However, it should be noted that the coin has also lost 90.1 percent from its high of US$0.7376, which was reached on May 8, 2021.
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Given Dogecoin’s winding journey and its dependence on market conditions, price movements, developments, supply and use cases, DOGE price predictions are what the most look forward to.
To give some idea, the crypto experts at Changelly have made a prediction based on the price action of DOGE in early 2023. At the end of July, they predicted a minimum price of DOGE of US$0.0697 and a maximum price of US$0.0724.
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DOGE’s average estimated price is US$0.0710. However, keep in mind that these predictions come with uncertainty, especially considering the influence Elon Musk has had through tweetswhich has been known to influence speculation around the price of Dogecoin.
Nonetheless, there is hope for Dogecoin this time around. Discussions are ongoing regarding the integration of Dogecoin into Twitter for tipping and payment purposes, offering the coin practical utility beyond its status as a coin memes.
If such integration materializes, it could enhance DOGE’s practical value and elevate its status as a means of microtransactions and payments peer-to-peer.
