Doge Price Prediction: Today’s Dogecoin Price, 1st Dec 2022

Doge Price Prediction:

Dogecoin has a history of experiencing once every three to four years exponential price spikes. For instance, Dogecoin increased by as much as 6500% between mid-2017 and January 2018 from about $0.0003 per token to as high as $0.019. This was after it had been stagnating at nearly worthless levels for years. The price of a Dogecoin token remained stagnant between early January 2018 and December 2020, ranging between $0.001 and $0.006.

Then, during the months of December 2020 and May 2021, it experienced an additional spike of up to 25,000%, reaching a record high of more than $0.76 per token. Since then, it has been stuck at $0.05 and $0.15 per token for the majority of 2022. According to Dogecoin’s historical average, it may take another few months or maybe a few years until the next exponential bull surge begins.

That could imply that 2023 will be the year Dogecoin surpasses both the $1.0 and $3.0 levels. What might serve as the rally’s starter? The humor coin could see substantial growth and demand if the aforementioned rumor that Elon Musk might include the Dogecoin blockchain into a future Twitter payments system proves to be accurate.

In any case, Dogecoin is anticipated to keep growing in popularity along with the wave of cryptocurrencies that will eventually help its primary rivals, such as bitcoin, Litecoin, and ethereum. Since cryptocurrencies still trade like speculative risk assets and tend to perform better when financial conditions are easier, it should also be optimistic for them if economic conditions enable some interest rate lowering from significant central banks like the US Federal Reserve in 2023.

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