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Dogecoin is among the many worst-performing cryptocurrencies of 2023 as its bearish streak is but to come back to an finish. The main meme foreign money barely rallied in worth this 12 months and slipped additional south after every month. DOGE has misplaced its hype and the larger-than-life persona and blind fanfare appears to have fizzled out. The downturn is making buyers rethink their prospects in meme currencies because it runs with nothing however hype and build-up.
Additionally Learn: Shiba Inu: AI Predicts SHIB Price For July 1, 2023
Elon Musk is accused of insider buying and selling in Dogecoin after a bunch of buyers filed a category motion lawsuit in opposition to the billionaire. Read here to know extra particulars concerning the lawsuit and the way the case is at the moment shaping up.
Now that the primary half of 2023 remained lackluster for Dogecoin, will the second half change its fortunes for the great? On this article, we are going to spotlight a worth prediction for DOGE for July 2023. Let’s see how excessive or low the meme coin may commerce within the charts subsequent month.
Additionally Learn: Shiba Inu: You Can Now Become a SHIB Millionaire for Less Than $10
Dogecoin: July 2023 Worth Prediction For DOGE
Main on-chain metrics and worth prediction agency Changelly has painted one other miserable outlook for Dogecoin for July 2023. In line with the prediction, DOGE may plummet double digits within the subsequent three weeks and attain a brand new yearly low.
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The value prediction claimed that Dogecoin may fall to $0.054495 ranges throughout mid-July 2023. That’s a downturn of practically 16% from its present worth. Due to this fact, July may additionally stay bearish for DOGE and generate extra losses to buyers than income.
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The technical overview for Dogecoin is 96% bearish and solely 4% bullish. Due to this fact, it’s suggested to stay cautious earlier than taking an entry place into DOGE at this second. At press time, Dogecoin was buying and selling at $0.064954 and is down 0.1% within the 24-hours day commerce. DOGE can also be down 91.11% from its all-time excessive of $0.73, which it reached in Could 2021.
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