In this article we put forth our price predictions of DOGECOIN and SHIBA INU.
DOGECOIN PRICE PREDICTION 2023:
The meme coin known as Dogecoin began as a joke in 2013 and has now grown to have an all-time high (ATH) of $0.7376 and a total worth of over $80 billion. The currency has dropped 92% since then. Despite not being designated as a security by the SEC, Dogecoin is currently down 16.09% from its closing on the day the SEC announced its litigation. The good news for Dogecoin, though, is that Dogecoin is Proof-of-Work (PoW), while Gary Gensler, the head of the SEC, is solely targeting Proof-of-Stake (PoS) cryptocurrencies.
In the last analysis of the price of Dogecoin, we saw that DOGE was trading on the weekly chart in a falling wedge with declining volume. In general, breakouts from descending wedges go in a positive direction, so if this one does too, DOGE may reach as high as $0.09956. On the other hand, if DOGE breaks out of this wedge in a negative direction, the lowest price before the end of the year might be 0.04225.
DOGECOIN PRICE PREDICTION 2024:
It is crucial to comprehend the intentions of Dogecoin purchasers in order to predict where the price of the cryptocurrency will go in 2024.A low-cost payment option is provided by Dogecoin, which is accepted by a large number of retailers including Twitch, Microsoft, and Tesla. But the majority of purchasers that drove up Dogecoin’s price in 2021 were inexperienced cryptocurrency speculators hoping to “get rich quick.”
These kinds of situations usually come around only during bull markets. Dogecoin will thus have the best chance of surging once more when the market as a whole is bullish. Experts think the cryptocurrency bull run will start in 2024 as a result of the Bitcoin halving event, while the exact conclusion is yet unknown.
Consequently, by the end of 2024, our DOGE price forecast projects a possible high of $0.19, a low of $0.04225, and an average price of $0.1161. Even while there is still room for growth, Dogecoin’s price fluctuations might mostly be the result of sheer price speculation due to the continuous uncertainty surrounding global macroeconomic events and cryptocurrency legislation. indicating that the next bull run is probably not going to be as big.
SHIBA INU PREDICTION FOR 2023, 2024 AND 2025:
SHIB increased steadily and gradually from $0.000008 to $0.000012 in January 2023. The cryptocurrency market had an upward trend from January to August 2023, during which time currencies like Bitcoin and Ethereum witnessed gains; however, SHIB is presently experiencing a six-month negative trend. SHIB is trading at $0.000008092 right now. Assuming no major disruptions to the global economy or the cryptocurrency sector, sanguine forecasts indicate that SHIB may surpass the $0.00001 threshold before the year’s conclusion.
Experts predict that the economic recovery trend that began in 2023 will continue in 2024. Additionally, investor confidence and involvement in the cryptocurrency market could be rising. The predicted range for SHIB’s trading price is $0.000024–$000035.
The current crypto cycle is likely to peak in 2025, and several coins are expected to reach new all-time highs at that time. More investment and societal acceptance of cryptocurrencies are also probably going to be major market drivers.
Experts predict that SHIB will open the year trading at $0.000032. The token may even reach $0.00005 before year’s end due to resurging interest in cryptocurrency markets, which would put it one step closer to its all-time high of $0.000088.
