Dogecoin (DOGE) The price succumbed to the general bearish trend in the crypto markets and continued to drop, losing 4% in the past day. Analysts continued to explain that they expect further declines in the price of the famous meme coin.
After the recent declines in the crypto markets, $ 200 billion was deleted from the market. Dogecoin price also got its share from this negative atmosphere. Amid all this negative news, Dogecoin co-founder Billy Markus is working as a wallet for iOS users. MyDoge announced the launch of its application.
The wallet app supports transfers from any cryptocurrency exchange. Markus explained that Dogecoin developers did not develop the app. Instead, he worked on an autonomous group of designers. The app is currently designed for iOS only, and users can quickly access their DOGE using this wallet. The MyDoge wallet developers developed it as the “Social Wallet for the People’s Currency” that offers free, secure and unattended services.
DOGE supporters expected the release of the MyDoge wallet to trigger a surge for the meme coin price to facilitate further adoption of Dogecoin, but Dogecoin price could not recover from the decline. In addition, the Ukrainian government’s acceptance of donations with DOGE increased the adoption of DOGE, but the desired effect was still not achieved.
Analysts evaluated the Dogecoin price trend and predicted that the meme coin could rise soon. Known by the alias Altcoin Sherpa, the analyst believes Dogecoin is in the buy zone.
$DOGE: Likely a good buy soon. If this starts to moon, look for some other doggy / meme coins. #DOGE pic.twitter.com/OQxyPRouDH
— Altcoin Sherpa (@AltcoinSherpa) March 3, 2022
FXStreet analysts shared their predictions that the Dogecoin price could drop to $0.15. analysts, Dogecoin priceThey observed that the coin has been in the congestion zone for more than 300 days, and they argue that the time and price balance on the Dogecoin price chart means a significant move in the next 15 days.
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