Dogecoin (DOGE) Price Prediction After Bitcoin Halving

Dogecoin is at present rallying as it’s up practically 15% within the 24-hour day commerce. DOGE reached $0.15 on Thursday and is attracting bullish sentiments within the indices. The main meme forex spiked near 76% in 30 days producing stellar earnings for buyers. Holders who took an entry place mid-February made large earnings in Dogecoin mid-Match this yr. Now that the Bitcoin halving is close to, will Dogecoin hit a brand new all-time excessive or will it head south?

For the uninitiated, the Bitcoin halving occasion is scheduled to happen subsequent month on April 20, 2024. The meme coin is rallying as Bitcoin reached a brand new all-time excessive of $73,737 this month. On this article, we’ll spotlight whether or not Dogecoin will climb up or down within the indices in the course of the Bitcoin halving occasion.

Dogecoin: What Will DOGE Worth Be Throughout Bitcoin Halving?

Main on-chain metrics and worth prediction agency CoinCodex has painted a bearish image for Dogecoin. In response to the worth prediction, DOGE may dip by practically 14% on the heels of the Bitcoin halving. The forecast highlights that Dogecoin may fall to the $0.13 degree from the present $0.15 worth vary.

That’s a droop of two Cents within the charts regardless of the Bitcoin halving occasion for Dogecoin. Due to this fact, an funding of $10,000 in DOGE may flip into $8,600 subsequent month throughout Bitcoin halving if the prediction turns correct. It’s suggested to keep away from buying and selling in Dogecoin at present as all indicators level in the direction of a loss.

Nevertheless, the cryptocurrency market is very risky and there’s no assure that DOGE may dip 14% in 30 days. It’s suggested to do thorough analysis earlier than taking an entry place within the cryptocurrency and Dogecoin market at present. Commerce at your individual danger because the Bitcoin halving occasion may make the markets flip extremely risky.