Will Dogecoin [DOGE] Hit the $1 Mark By The End of April 2024?

The cryptocurrency industry is always buzzing with speculation. This time we will focus on Dogecoin (DOGE), the OG meme cryptocurrency. DOGE’s roots go back to light-hearted internet memes, but it has managed to capture the attention of people around the world. Amidst the prolonged crypto bull market, the most frequently asked questions about this asset have resurfaced. Will Dogecoin break through the elusive $1 mark by the end of April 2024?

Bitcoin (BTC)’s most recent rally began in October 2023. This not only boosted established cryptocurrencies, but also ignited momentum for meme coins, both old and new. Currently, DOGE is valued at $0.1591 after experiencing a slight daily decline of 1%. While some experts remain optimistic about DOGE’s near-term prospects, several experts predict a bearish trend towards the end of the month. Changelly revealed that Dogecoin could fall by 2% from its current price to $0.156570.

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Also read: Dogecoin: Did Elon Musk buy $45 million worth of DOGE?

Dogecoin founder comments on Bitcoin halving

Billy Markus, one of the creators of DOGE, worked on X [formerly Twitter] He then shared some insight into the aftermath of the Bitcoin halving. The halving occurred on April 20th at 840,000 blocks. Hype around the event had surfaced and the community had unrealistic expectations about the potential price of the asset. However, Marcus rejected these notions and instead humorously reminded us of the unpredictable nature of the crypto market.

Also read: ChatGPT provides price analysis for meme coins: Dogecoin, Pepe, Slothana

Indeed, Dogecoin will not reach the $1 level before the end of this month. However, while the community is betting on the possibility of an uptick, the exact timing remains uncertain.

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