{"id":24073,"date":"2023-06-17T19:42:11","date_gmt":"2023-06-17T23:42:11","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/dogecoin-price-prediction-as-300-million-trading-volume-comes-in-can-doge-10x-from-here\/"},"modified":"2023-06-17T19:42:12","modified_gmt":"2023-06-17T23:42:12","slug":"dogecoin-price-prediction-as-300-million-trading-volume-comes-in-can-doge-10x-from-here","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24073","title":{"rendered":"Dogecoin Price Prediction as $300 Million Trading Volume Comes In \u2013 Can DOGE 10x From Here?"},"content":{"rendered":"
\n

The Dogecoin price has increased by 2.5% in the past 24 hours, reaching $0.061828 amid a similar gain today for the cryptocurrency market as a whole.<\/p>\n

DOGE is now down by 9% in the past week and by 15% in the last 30 days, with the original meme token having fallen by 12% since the beginning of the year (while other major coins have actually recovered since January).<\/p>\n

However, DOGE’s price rise today also sees its 24-hour trading volume nearing $300 million after spending the past week close to or below $200 million.<\/p>\n

This indicates a steady increase of market interest in DOGE, and with the coin arguably remaining very undervalued, it could be in line for bigger gains in the coming weeks.<\/p>\n

Dogecoin Price Prediction as $300 Million Trading Volume Comes In \u2013 Can DOGE 10x From Here?<\/strong><\/h2>\n

DOGE’s chart shows promising signs of a recovery, with its indicators seeming to be at the beginnings of upswings.<\/p>\n

DOGE’s relative strength index (purple) has risen from close to 30 earlier in the week to 50 today, signaling a recovery of momentum that may push its price higher in the next few days.<\/p>\n

Similarly, the coin’s 30-day moving average (yellow) has stopped declining and is leveling out, potentially before a climb towards its 200-day average (blue) that could indicate a bigger rally to come.<\/p>\n

This positivity aside, the market remains unstable at the moment (given recent SEC actions), so today’s jump for DOGE may potentially be short-lived.<\/p>\n

Data suggests that whales are leaning more towards selling DOGE at the moment, with a number of big transfers to <\/i>exchanges<\/a> hinting that the coin may lose a little more before recovering again.<\/p>\n

<\/oembed><\/figure>\n

DOGE fans would argue that the coin remains very undervalued, especially when it’s down by more than 91% compared to its all-time high of $0.731578 (set in May 2021).<\/p>\n

The thing is, it’s hard to see what, on a fundamental level, could lift DOGE in the short- or medium-term, with the meme token having little to look forward to in terms of updates or adoption.<\/p>\n

Of course, the Dogecoin community still holds some hope that, one day, Twitter will introduce DOGE payments, although very little has been heard on this front recently.<\/p>\n

<\/oembed><\/figure>\n

This currently seems like a very distant possibility, particularly when the SEC has been suing exchanges such as Coinbase for selling allegedly unregistered securities.<\/p>\n

But there’s no doubt that Twitter is planning to use digital (fiat) payments in some form, so eventually, the social network could see cryptocurrency — and DOGE — integration at some point.<\/p>\n

If so, DOGE will undoubtedly rally big, although it would be hard to predict just how high it would rise, especially if other cryptocurrencies are integrated alongside it.<\/p>\n

New Altcoins with Fundamentals<\/strong><\/h2>\n

It can’t be emphasized enough that DOGE holders may be waiting a long time for Twitter payments to come around, meaning that DOGE probably isn’t the best token right now for big rallies.<\/p>\n

Fortunately, there are a number of new altcoins in the market that could be set for sizeable gains in the near future, with certain presale tokens looking very promising.<\/p>\n

One of the most exciting of these is yPredict, a Polygon-based platform that uses AI to provide users with trading intelligence.<\/p>\n

Having launched the presale for its native YPRED token a few weeks ago, yPredict has already raised just over $2.3 million.<\/p>\n

<\/oembed><\/figure>\n

Encouragingly, this week also saw yPredict launch its first AI-powered predictive trading model, an important milestone for a project still holding its presale.\u00a0<\/p>\n

In the coming months, it will expand on this launch by introducing a range of other AI-based prediction tools and resources, helping traders to stay on top of the market and make more informed investment decisions.<\/p>\n

On top of this, yPredict’s platform will include its own marketplace, in which developers of forecasting and analytical models can sell their services and products to traders.<\/p>\n

Within this ecosystem, YPRED will be used to pay for predictive model subscriptions, as well as for staking and for gaining access to the platform’s various analytic features.<\/p>\n

<\/oembed><\/figure>\n

Given this utility, YPRED is set up nicely for being a good short- and long-term prospect, with investors able to participate in its sale by visiting the official yPredict website and connecting their wallets.<\/p>\n

1 YPRED token currently costs $0.09, although this will rise to $0.10 with the sale’s next stage, and to $0.12 when it lists on exchanges.<\/p>\n

Of course, exchange listings could see YPRED selling for much higher prices, potentially making it one of the best-performing new altcoins of 2023.<\/p>\n

Visit yPredict Now<\/strong><\/p>\n

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.<\/sup><\/i><\/p>\n<\/p><\/div>\n