{"id":81604,"date":"2023-11-07T07:07:13","date_gmt":"2023-11-07T12:07:13","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/dogecoin-price-prediction-as-1-billion-sends-doge-soaring-9-1-incoming\/"},"modified":"2023-11-07T07:07:19","modified_gmt":"2023-11-07T12:07:19","slug":"dogecoin-price-prediction-as-1-billion-sends-doge-soaring-9-1-incoming","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=81604","title":{"rendered":"Dogecoin Price Prediction as $1 Billion Sends DOGE Soaring 9% \u2013\u00a0$1 Incoming?"},"content":{"rendered":"<div>\n<p><noscript><\/noscript><\/p>\n<p>The Dogecoin price has risen to $0.073108 today, marking a 1% gain in 24 hours and nearly a 9% gain in a week.<\/p>\n<p>DOGE\u2019s current price also means that it has gained by 20% in the last 30 days, although the meme token has risen by only 4% since the beginning of the year.<\/p>\n<p>This counts as underperformance compared to many other major tokens, yet the flipside of DOGE\u2019s mediocre 2023 is that it sets the coin up for a big rebound.<\/p>\n<p>And with its 24-hour trading volume passing $1 billion, there\u2019s enough activity for further gains in the near future.<\/p>\n<h2>Dogecoin Price Prediction as $1 Billion Sends DOGE Soaring 9% \u2013\u00a0$1 Incoming?<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>DOGE\u2019s charts primarily shows two things: 1) that the rally of the past week or so has calmed down a little today; but 2) that momentum remains fairly high.<\/p>\n<p>In other words, DOGE is still in a good position to rally again in the next few days, despite yesterday\u2019s losses.<\/p>\n<figure id=\"attachment_127942\" aria-describedby=\"caption-attachment-127942\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-127942\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>For one, the coin\u2019s 30-day average (yellow) is rising very strongly towards its 200-day (blue), close to the point of forming a \u2018golden cross\u2019 that tends to signal breakout rallies.<\/p>\n<p>Secondly, even though it has dipped, DOGE\u2019s relative strength index (purple) remains at around 65, which indicates continued buying pressure.<\/p>\n<p>And with the token\u2019s support level (green) also rising strongly in the past week, it\u2019s in a good position to make some more gains.<\/p>\n<p>Indeed, its 24-hour trading volume has risen from around $150 million a month ago to more than $1.1 billion today.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8  93,577,686 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/DOGE?src=hash&amp;ref_src=twsrc%5Etfw\">#DOGE<\/a> (7,083,479 USD) transferred from <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw\">#Robinhood<\/a> to unknown wallethttps:\/\/t.co\/FsOskUruKx<\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/whale_alert\/status\/1721612705335820444?ref_src=twsrc%5Etfw\">November 6, 2023<\/a><\/p>\n<\/blockquote>\n<p>And given that the end of the year often brings a bull rally, we could easily see DOGE rise some more before 2024 begins.<\/p>\n<p>Likewise, the possibility of a 2024 bull market \u2013 made likelier by the next Bitcoin halving \u2013 could also help push the Dogecoin price higher.<\/p>\n<p>Yet in terms of fundamentals, it would be unwise to expect DOGE to outperform the market.<\/p>\n<p>This is largely because it\u2019s only hope for the future appears to be the remote possibility that X will introduce crypto payments.<\/p>\n<p>Otherwise, there isn\u2019t much going for DOGE in terms of utility, with other meme tokens \u2013 such as Shiba Inu \u2013 achieving more on this front recently.<\/p>\n<p>Still, market-wide momentum alone could send DOGE to $0.10 by the end of the year or early weeks of 2024.<\/p>\n<h2><strong>New Meme Tokens For New Rallies<\/strong><\/h2>\n<p><span class=\"replacer\"><\/span><br \/>One reason why DOGE has underperformed in recent months is that 2023 has seen plenty of new meme tokens emerge, many of which have attracted traders away from more established coins.<\/p>\n<p>While some new meme tokens have had little to recommend them, others have beaten the market on the basis of having virality and (occasionally) utility.<\/p>\n<p>And possibly the next new meme coin to beat the market will be Meme Kombat (MK), an ERC-20 cryptocurrency that has already raised more than $1.25 million in its presale.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just a picture of the <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/MemeKombat?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeKombat<\/a> community absolutely demolishing the $1.2 million milestone\ud83d\udcaa <a rel=\"nofollow\" href=\"https:\/\/t.co\/YQQMgzSfza\">pic.twitter.com\/YQQMgzSfza<\/a><\/p>\n<p>\u2014 Meme Kombat (@Meme_Kombat) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1721107359425257557?ref_src=twsrc%5Etfw\">November 5, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<figure class=\"media\"><\/figure>\n<p>And when sets Meme Kombat apart from run-of-the-mill meme coins is that it offers a betting platform, enabling users to place bets on AI-generated meme battles.<\/p>\n<p>Such battles will be randomized and visualized in real-time for users to watch, with users able to bet against each other or the platform itself.<\/p>\n<p>The platform pays out winnings in native token MK, which can also be staked to earn a passive income.<\/p>\n<p>MK will have a hard cap of 120 million, and with 50% of this going to the presale and another 30% to staking and battle rewards.<\/p>\n<p>This makes it a highly decentralized meme token, and less exposed to potential dumps than most of its rivals.<\/p>\n<p>New buyers can join its presale by going to Meme Kombat\u2019s official website and connecting their crypto wallets, with MK buyable using ETH, USDT, BNB or fiat currency.<\/p>\n<p><noscript><iframe loading=\"lazy\" title=\"The Only Memecoin Worth Buying in 2023?! (Wall Street MEMES Killer?)\" width=\"880\" height=\"495\" src=\"https:\/\/www.youtube.com\/embed\/8HcqXLtKbvw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/noscript><\/p>\n<p>1 MK is selling at $0.183, yet this could easily rise much higher once the token lists on exchanges towards the end of the year.<\/p>\n<p><strong>Visit Meme Kombat Now<\/strong><\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/dogecoin-price-prediction-as-1-billion-sends-doge-soaring-9-1-incoming.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dogecoin price has risen to $0.073108 today, marking a 1% gain in 24 hours and nearly a 9% gain in a week. DOGE\u2019s current price also means that it has gained by 20% in the last 30 days, although the meme token has risen by only 4% since the beginning of the year. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":81605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-81604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin Price Prediction as $1 Billion Sends DOGE Soaring 9% \u2013\u00a0$1 Incoming? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Dogecoin price has risen to $0.073108 today, marking a 1% gain in 24 hours and nearly a 9% gain in a week. 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