🔥💥Dogecoin: DOGE Price Prediction During Bitcoin Halving
The original meme coin cryptocurrency Dogecoin is currently trading at $0.1918, down 0.2 from the $level. In the last 30 days, #DOGE has experienced a rise of close to 13%.
#Dogecoin has outperformed Bitcoin, Ethereum and Solana in its rally, providing investors with double-digit profits in a month. Now, the price of Dogecoin is expected to rise even more as the most anticipated Bitcoin halving event approaches.
In this article, we will highlight how high DOGE can trade on the charts during the Bitcoin halving event. The event is scheduled to take place on April 21, 2024 and is the most exciting development that has taken place in the cryptocurrency market this year. For those who do not know about the topic, the Bitcoin halving event reduces the supply of BTC by half, making the cryptocurrency almost never available on the market.
Dogecoin: Bitcoin Halving Price Forecast For DOGE
Since the demand for Bitcoin is high and the supply is less, the price of BTC is expected to increase on the charts. On the other hand, since Dogecoin is moving in parallel with BTC, its price is also expected to increase.
CoinCodex, a leading on-chain measurement and price prediction firm, has estimated the price of DOGE. The price forecast predicts that the DOGE could reach $0.194, an increase of just 1% from its current price.
The price forecast predicts that Dogecoin will be quietly traded in the days approaching the Bitcoin halving. However, general market conditions may reverse this forecast.
If Bitcoin exceeds the $ 73,000 level and reaches all-time highs, the value of Dogecoin can definitely increase. In addition, the price may increase unpredictably if Musk makes any announcements related to the DOGE.
