Dogecoin Price Prediction April 2023 - $DOGE Surpasses Shiba Inu and Cardano

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Dogecoin’s price soared roughly 30% on Monday when Twitter CEO Elon Musk altered the app’s logo to a Shiba Inu dog, which is the coin’s symbol. People who checked Twitter this week saw that the familiar bird logo had been changed to a Shiba Inu, which is also the symbol of the Dogecoin cryptocurrency.

Although it is still well below its 2021 peak, the value of coins increased, with Dogecoin rising by almost 30% over night when Twitter updated its logo on Monday. Elon Musk, the owner of Twitter, has consistently supported Dogecoin and is currently being sued for allegedly manipulating its price.

He is currently being sued in federal court in a $258 billion class action lawsuit for allegedly running a pyramid scheme to promote the cryptocurrency. Musk frequently expressed his support for the coin, earning him the moniker “The Dogefather.”

As promised pic.twitter.com/Jc1TnAqxAV

— Elon Musk (@elonmusk) April 3, 2023

On Monday, Musk tweeted about a user’s joke from a year ago in which they asked for a logo redesign. Musk came up with the concept after complaining about Twitter before purchasing it, and a user responded that he should just buy Twitter and alter the logo from a bird to a doge.

Dogecoin Price Prediction

Although DOGE has recently shown some bullish momentum, we need to look a little deeper before making a price prediction. With a market capitalization of over $13 billion, Dogecoin ranks among the most widely used cryptocurrencies worldwide.

The token has consistently made headlines, particularly over the past few years. Dogecoin hasn’t exactly kept up with other cryptocurrencies, despite the recent tremendous increase in the cryptocurrency market as a whole.

With DOGE trading at about $0.100, up more than 30% in value, this pattern appears to have changed during the past 24 hours. Cardano (ADA) has been flipped by the token, which is now the seventh-largest crypto in the market. At the time of writing, Cardano is has restored its position.

As of today, April 6, the Dogecoin price is $0.090 with a 24-hour trading volume of $3.43 billion, market cap of $12.50 billion, and market dominance of 1.06%. The DOGE price increased 20.19% in the last seven days. Dogecoin reached its highest price on May 8, 2021 when it was trading at its all-time high of $0.738.

According to technical indicators, Dogecoin’s 200-day simple moving average (SMA) will rise over the next month and will reach $0.0819 by May 7, while Dogecoin’s 50-day SMA, which measures price movement over a shorter time frame, is predicted to reach $0.084 by May 7.

Popular momentum oscillator the Relative Strength Index (RSI) can determine whether a cryptocurrency is overbought (below 70) or oversold (below 30). (above 70). The DOGE market is in a neutral position at the moment because the RSI value is 65.29.

The full Dogecoin price prediction is in the video above. For more crypto price predictions, subscribe to his YouTube channel. Also, Jacob Crypto Bury has a Discord channel with almost 8,000 members that offers trading advice and prospective crypto presales to help its users in making profit.

Join Jacob Crypto Bury Discord channel here.

Is Dogecoin a Good Investment

Undoubtedly, one of the best-performing cryptocurrencies in 2021, Dogecoin is still viewed as one of the best meme coins to buy, particularly in light of the rumors that Elon Musk, the richest man in the world, may use it in some capacity on Twitter.

Overall, Dogecoin lacks the real-world value needed to maintain growth over the long term. The mainstream media’s enthusiasm and exposure helped the coin’s price soar initially, but once those forces subsided, DOGE continued to perform poorly.

Dogecoin is most suitable for risk-taking investors who are content to open a position in the hope rather than the expectation of a positive outcome. DOGE can still deliver profits, without a question, but it’s probably not the greatest crypto asset for cautious investors.

Therefore let’s not underestimate the opportunity to profit greatly from a meme currency with a strong upside potential that is attracting interest in the meme industry as a result of its fast token sale.

Attention #LoveHateInu Gang!🚨

We have just smashed the $2.9M milestone in our #Presale🎉

We couldn't have done it without you!🙌

Brace yourself for the upcoming CEO Announcement🤑

As we are nearly at $3M!😜

You won't want to miss this! Keep an eye out!🚀… pic.twitter.com/p0tUNURF98

— Love Hate Inu (@LoveHateInu) April 6, 2023

Love Hate Inu, which rewards users for voicing their opinions on important matters, is the ultimate meme voting token. The initiative aims to provide users with a community where they can talk about and vote on the most crucial subjects. Guide on how to buy LHINU token here.

Whether those opinions are about politics, entertainment, or fairness, users have the chance to express them and join a community that respects what they have to say. LHINU is a utility meme coin that offers secure, dependable, and anonymous voting while encouraging productive conversation of current events.

Vote-to-Earn meme coin appears to be growing in popularity after earning more than $2.9 million from early investors. Since the price of the LHINU token is currently $0.000105, investors must act swiftly to buy it before it increases.

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