dogecoin It is currently trading at $0.07. However, it has shown almost no growth since the beginning of January. The leading meme currency has lost nearly 15% in the last 14 days. It loses value instead of gaining value. DOGE is on a slippery slope with no developments to raise its price in March. Meme coin is mostly stagnant and is testing the patience of its investors this year.
Dogecoin Mid-March Price Forecast
Dogecoin has been unable to break above the $0.07 level since the beginning of March, having struggled to find a breakout point at the resistance. DOGE has a good chance of heading south rather than north as markets remain on shaky ground due to various macroeconomic factors affecting its growth.
The banking crisis, inflation, rising interest rates, layoffs and stagnation in wages are pulling markets down. Finally, the calls for a recession in the third quarter of 2023 are increasing, pushing investors to be cautious.
Considering all factors, price prediction firm Analytics Insight estimated the maximum price Dogecoin could reach by the end of the month at $0.08. However, the forecast claims that DOGE could briefly touch $0.08 and pull back to $0.07.
“Using information from a number of traders and expert analysts on TradingView, we can look at possible prices for DOGE this year. Its minimum and maximum prices are estimated to be around $0.0719928 and $0.0809919.” it was said.
NEWS CONTINUES BELOW
Because, meme coin Not much can be expected in terms of growth from Dogecoin as it is stagnant and trading sideways. It’s very unlikely that DOGE will launch any time soon, as it did in early 2021.
As Koinfinans.com reported, Dogecoin was trading at $0.07 and dropped in 24-hour daily trading. DOGE is also down 90.25% from its all-time high of $0.73, which it reached in May 2021.