Dogecoin gained popularity as a meme coin, providing inspiration for many other animal-themed cryptocurrencies. These meme coins, as the name suggests, were originally created as a lighthearted joke. However, their popularity has skyrocketed significantly in recent years.

In order to participate in the memecoin craze, many users have shown interest in joining this growing trend. Dogecoin played a key role in sparking the meme coin craze and subsequently inspired the development of various coins that aimed to emulate its success.

With so many users starting to use Dogecoin, one question is how high can Dogecoin go by the end of May. With the entire market trading in the green, DOGE is back to the $0.16 level, which is our price prediction for the end of May.

Can DOGE reach $0.2 by the end of May?

Various factors such as market conditions, price action, developments, supply, and use cases will determine whether the Dogecoin price prediction will rise by the end of May.

Based on Dogecoin's performance at the beginning of 2024, Changelly's cryptocurrency experts predicted the price of Dogecoin at the end of May. During this time, the minimum price of Dogecoin is expected to be $0.153. The maximum price is expected to be $0.163. According to Changelly's analysis, it is unlikely that Dogecoin will reach the $0.2 level by the end of May.

According to Coingecko data, Dogecoin has reclaimed the $0.16 level. DOGE is trading at $0.1635, down 2.2% in the past 24 hours. Dogecoin has risen 9.2% in the past 7 days.

However, the accuracy of these predictions remains uncertain as they can be easily influenced by Elon Musk’s tweets, which have been influential in driving speculation around Dogecoin’s price in the past.

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