Dogecoin (DOGE)It has been making headlines since its debut. The recent open support by Elon Musk has changed the course of the meme coin. As a result, DOGE price action has become very closely related to Musk’s actions.
Koinfinans.com As we reported, Dogecoin performed quite well in October. Of course, the biggest reason for this performance was the agreement between Elon Musk and Twitter. DOGE recorded a strong rise of 119% during this period.
Dogecoin performed quite well in the first half of 2021, but remained quiet for the rest of the year. DOGE, which remained inactive in 2022 due to market conditions, finally strengthened its upward trend.
Experts say for the last month of 2022. Dogecoin price predictionpublished what.
December 2022 Dogecoin Price Forecast
At the time of writing, DOGE lost 1.26% in 24 hours and was trading at $0.09886. The 24-hour trading volume also fell by 45%.
Experts on Changelly stated that the Dogecoin price could touch $0.109989 in December 2022. Analysts indicate that it could touch the low of $0.0989901, while predicting a maximum of $0.109989.
As the effects of the collapse of crypto giant FTX continue, the market outlook remains negative. As a matter of fact, Dogecoin is also looking for a foothold while trying to reverse this trend.
Elon MuskWhile ‘s tweets are known to raise the price of DOGE, things could get a lot better in 2023. As a result, Dogecoin has the chance to reach a much wider usage area in 2023.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.