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

The cryptocurrency business is ever buzzing with hypothesis. This time, the main target is on Dogecoin (DOGE), the OG meme cryptocurrency. Whereas its roots hint again to a lighthearted web meme, DOGE has managed to seize the eye of a number of throughout the globe. Now, in a protracted crypto bull market state of affairs, essentially the most requested query across the asset has but once more surfaced: Will Dogecoin break the elusive $1 mark by the tip of April 2024?

The most recent surge in Bitcoin (BTC) started again in October 2023. It has not solely pushed established cryptocurrencies it has additionally ignited momentum in each new and outdated meme cash. At present, DOGE is valued at $0.1591 after experiencing a marginal 1% every day decline. Whereas some specialists stay optimistic about DOGE’s outlook for its close to future, just a few others predict a bearish development in the direction of the tip of the month. Changelly revealed that Dogecoin will encounter a possible decline of two% from its present value and drop to $0.156570.

Also Read: Dogecoin: Did Elon Musk Buy $45 Million Worth of DOGE?

Dogecoin Founder Weighs In On Bitcoin Halving

Billy Markus, one of many creators of DOGE took to X [formerly Twitter] and shared his insights concerning the aftermath of the Bitcoin halving. The halving occurred on April 20 at block 840,000. The hype round this occasion has been surfacing and the group had unrealistic expectations concerning the potential value of the asset. Nevertheless, Markus dismissed these notions and as a substitute gave a humourous reminder of the unpredictable nature of the crypto market.

Also Read: ChatGPT Gives Meme Coin Price Analysis: Dogecoin, Pepe, Slothana

Definitely, Dogecoin is not going to attain the $1 mark by the tip of the month. Nevertheless, the group has its bets on the attainable rise however the precise timeframe stays unsure.