Dogecoin (DOGE) is in the news again, as one of the best-performing cryptocurrencies with a 443% value increase in the past year
In just the last month, the value of the OG joke coin went up by almost 200%. Despite this, buyers thought the asset would end the year on a high note.
Dogecoin Gets $0.40 Back
Last week, the giant meme coin went down a little. After going up to a high of $0.43, the asset fell below $0.40. CoinMarketCap data shows that the asset’s value has grown 5% in the last 24 hours. During the time of this writing, DOGE was worth $0.4032.
While everyone waits for the asset’s value to hit $1, DOGE is still far behind. It’s 45% less than its all-time high of $0.737 for the joke coin. It was this high in 2021, which is about four years ago. People in the market think that DOGE will reach this level before the end of the year.
Prices at the End of the Year
Many people have different ideas about how much the meme coin will cost. The stock’s hot run looks like it will end soon. CoinCodex says that the highest price of DOGE will be $0.373578 in the last month of 2024. The most that Dogecoin can be bought for is $0.36959. Also, $0.36768 is the lowest price at which the meme coin will sell.
While this was happening, some experts thought Dogecoin could reach a much higher level. The coming year holds more significant hopes for Ali Martinez in particular. Due to past price trends, Martinez believes that DOGE will end the year between $2.40 and $18 if it takes the top and bottom of its past price action.
He also says that the DOGE “tends to peak around the 1.618 and 2.272 Fibonacci retracement levels,” which means that the price could go as high as $23.26.
