Crypto community with 79% historical accuracy sets the DOGE price for March 31, 2023

Crypto community with 79% historical accuracy sets the DOGE price for March 31, 2023

Although the meme cryptocurrency Dogecoin (DOGE) is recording losses on several charts, the community remains bullish and expects the digital asset to end the third month of 2023 with a significant increase at its current price.

Specifically, according to the accumulated results of 790 votes cast by the members of the crypto monitoring platform CoinMarketCap at press time, Dogecoin is projected to reach an average price of $0.0858 by March 31, according to data obtained on March 16.

If the community’s predictions come true, this would represent an increase of 20.62% or +$0.01467 to the current price, as DOGE was seen changing hands at the price of $0.07113, according to the recent information accessed by Finbold.

Dogecoin price forecast at the end of March. Source: CoinMarketCap

It should also be noted that the crypto community estimates for Dogecoin over the past six months have had a historical accuracy of 78.72%, making them a reasonable alternative to the price estimates made by the artificial intelligence (AI) platforms.

DOGE estimation accuracy. Source: CoinMarketCap

Dogecoin Technical Analysis

That said, the sentiment regarding Dogecoin, based on its technical analysis (TA) on the one-day gauges on the financial tracking website TradingView is largely bearish, in line with the “sell” sentiment at 13. This is the summary result of the moving average (MA) hanging in the “strong sell” area at 13, while oscillators point to “buy” at 2.

See also  Sanctioned Russian banks trade on crypto exchanges, IMF offers guidance on developing effective crypto policies
DOGE 1-Day Trading Gauges. Source: TradingView

As things stand, the price of DOGE is currently trading at the price of $0.07113, registering a decrease of 3.08% in the last 24 hours, in addition to a decrease of 0.28% in the last week and 13, 73% over the last 30 days as recent charts indicate.

Dogecoin 7-day price chart. Source: Finball

Whether Dogecoin manages to meet the expectations of the community will depend on various factors surrounding it, such as crypto trading platform Binance adding DOGE to verifiable assets, as well as the situation of the broader crypto industry and the macroeconomic plan.

Disclaimer: The content of this page should not be considered investment advice. Investment is speculative. When you invest, your capital is at risk.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *