![]() ![]() However, the Dogecoin prices faced an early reversal from $0.082 resulting in a correction to $0.0733. With a remarkable 25.71% recovery in the last two months, the DOGE coin price starts a positive cycle in the falling channel. DOGE Price Prediction August 2023 Trading View ![]() The crypto could end the year at a high of $0.1066, but if the network fails to improve, the price of DOGE could fall to $0.060. If the network continues to grow and boost the price of Dogecoin, the rest of 2023 could be positive for $DOGE crypto. This concentration of power in the hands of a few investors makes DOGE a risky investment. Conversely, if they decide to buy more DOGE, it could cause the price to skyrocket. If these investors decide to sell their DOGE, it could cause the price of the coin to plummet. This means that just a few investors can decide the future of this meme coin. However, a large amount of DOGE (around 82%) is under the control of just 671 addresses. With the Dogecoin weekly option contract launch on Binance, the trading volume might increase and make it more mainstream among derivatives traders. The crypto made significant gains in the first half of 2021, but since then, the downfall of this dog-theme-based crypto is yet to halt. ![]() Dogecoin’s Price Forecast 2023ĭogecoin continues the bearish trend despite the significant recovery in the overall crypto market. This is due to the coin’s popularity and strong community, as well as Elon Musk’s vocal support.
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