With 2023 almost here, cryptocurrency market participants are starting to look at what the new year will bring for the biggest digital assets, including Dogecoin (DOGE), which, along with many other cryptocurrencies, has suffered from the consequences of the FTX collapse.
The algorithm determines the DOGE price for January 1, 2023!
With this in mind, machine learning algorithms on crypto tracking platform PricePredictions have predicted that Dogecoin will change hands on January 1, 2023 at a price of $0.079835, according to data received by Finbold on Dec.
Taking into account technical indicators such as moving averages (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB) and others, the platform predicts a 3.49% drop from DOGE price. At press time, it’s $0.08272.
Dogecoin 30-day price forecast. Source: Price Estimates
Dogecoin price analysis
Currently, the dog meme token is currently trading at $0.08272, which is a 5.04% drop from the previous 24 hours, as well as a 15.79% drop over the week and 3 from 30 days ago. It shows a drop of $31.
DOGE 7-day price chart. Source: Finbold
With a market cap of $10.98 billion, Dogecoin has claimed the position of the eighth largest digital asset among the top 100 cryptocurrencies by this indicator, overtaking the previous owner of that place, Cardano (ADA).
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