{"id":7599,"date":"2023-10-31T14:16:26","date_gmt":"2023-10-31T14:16:26","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/dogecoin-price-prediction-as-doge-drops-below-0-07-time-to-buy-the-dip\/"},"modified":"2023-10-31T14:16:29","modified_gmt":"2023-10-31T14:16:29","slug":"dogecoin-price-prediction-as-doge-drops-below-0-07-time-to-buy-the-dip","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=7599","title":{"rendered":"Dogecoin Price Prediction as DOGE Drops Below $0.07 \u2013 Time to Buy the Dip?"},"content":{"rendered":"
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The Dogecoin price has had an up and down morning, falling to $0.068998 as the wider market also suffers a small dip.<\/p>\n

This latter price represents a 1.5% loss in 24 hours, although the meme token is still posting a 15% return in a fortnight.<\/p>\n

But with DOGE falling by 42% in the last 12 months, the altcoin remains oversold and undervalued.<\/p>\n

This means it remains a good time to buy the dip, with DOGE set to rally again if the market continues its upwards trajectory in the next few weeks.\n<\/p>\n

Dogecoin Price Prediction as DOGE Drops Below $0.07 \u2013 Time to Buy the Dip?<\/h2>\n

\nDogecoin may have dipped today, but its indicators still suggest that it could enjoy additional rises in the very near future.<\/p>\n

Source: TradingView<\/figcaption><\/figure>\n

The meme token\u2019s 30-day average (yellow) is rising strongly towards its 200-day (blue), a move which can often signal an imminent breakout rally.<\/p>\n

At the same time, its RSI (purple) remains high at just under 70, which also suggests strong buying momentum.<\/p>\n

It\u2019s also encouraging to see that DOGE\u2019s support level (green) has risen steadily over the past few days.<\/p>\n

This implies that, even if the token does fall again, it\u2019s not likely to drop very far.<\/p>\n

Another positive sign is that DOGE\u2019s 24-hour trading volume remains elevated compared to where it was in September, at around $500 million.<\/p>\n

This indicates that interest remains strong, with data showing that whales have made some big purchases recently.<\/p>\n

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\ud83d\udea8 97,000,000 #DOGE<\/a> (7,234,272 USD) transferred from #Robinhood<\/a> to unknown wallethttps:\/\/t.co\/TXdtKRNlub<\/p>\n

\u2014 Whale Alert (@whale_alert) October 26, 2023<\/a><\/p>\n<\/blockquote>\n

Based on all of this, DOGE could return to $0.080 in the next few days, before hitting $0.90 in December.<\/p>\n

Such movements will largely depend on investor sentiment, with positive Bitcoin ETF news recently buoying the entire cryptocurrency market.<\/p>\n

However, if bad (or no) news emerges, DOGE is likely to fall harder than many other major tokens.<\/p>\n

Part of the reason for this is that DOGE\u2019s fundamentals remain very weak, with the token\u2019s community still resting its hopes on whether X (formerly Twitter) will introduce Dogecoin payments in the not-too distant future.<\/p>\n

\n

Elon Musk Says X Could Replace Banks Next Year<\/p>\n

Elon Musk is steering X to become a comprehensive financial hub aiming to replace traditional bank accounts by the end of 2024. During an internal call, Musk expressed ambitions to encompass all monetary transactions on X’s\u2026 pic.twitter.com\/JQIWjapowk<\/a><\/p>\n

\u2014 The Wolf Of All Streets (@scottmelker) October 29, 2023<\/a><\/p>\n<\/blockquote>\n

\u00a0<\/p>\n

And while X is certainly planning to introduce payments in some form, it has given no indication that such payments will include crypto, let alone Dogecoin.<\/p>\n

As such, traders shouldn\u2019t be surprised if DOGE begins falling again in the event of a sideways market, with the coin potentially sticking to the $0.070 level for several weeks.\n<\/p>\n

New Meme Tokens With Stronger Fundamentals<\/strong><\/h2>\n

\nTraders uncertain about DOGE be better off looking elsewhere, with a number of new meme tokens emerging in recent weeks.<\/p>\n

While many new meme coins are risky as investments, there are some which actually possess actual utility, increasing the chances they\u2019ll provide strong returns.<\/p>\n

One such token is Meme Kombat (MK), an ERC-20 cryptocurrency that has raised more than $900,000 in its presale.<\/p>\n

<\/figure>\n
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The $MK<\/a> presale has passed $900k raised\ud83d\ude4c<\/p>\n

LFG fighters! We are so back! pic.twitter.com\/Wb4Wi3T78c<\/a><\/p>\n

\u2014 Meme Kombat (@Meme_Kombat) October 31, 2023<\/a><\/p>\n<\/blockquote>\n

<\/figure>\n

Set for launch towards the end of the year, Meme Kombat is an online betting platform that features an assortment of viral memes.<\/p>\n

It will enable users to bet on AI-generated battles between popular meme characters, something which should help attract attention and a strong userbase.<\/p>\n

Indeed, its Telegram channel already counts several thousand members, which is a good sign for a platform that hasn\u2019t even launched yet.<\/p>\n

Users who place successful bets will receive rewards in the form of the MK token, which will have a hard cap of 120 million.<\/p>\n

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\ud83d\udd25 #MemeKombat<\/a> UPDATE \ud83d\udd25 <\/p>\n

Staged Presale = ON<\/p>\n

\u25aa\ufe0f NOW: 0.1667 USD
\u25aa\ufe0f Nov 2nd: JUMPS to 0.1833 USD<\/p>\n

The timer is set! Secure your $MK<\/a> before the rise! \u23f0 pic.twitter.com\/LMreT8M2Ce<\/a><\/p>\n

\u2014 Meme Kombat (@Meme_Kombat) October 23, 2023<\/a><\/p>\n<\/blockquote>\n

50% of this supply is going to the presale, with another another 30% of this supply to battle and staking rewards.<\/p>\n

Not only does this make MK a decentralized cryptocurrency, but the existence of staking rewards means that users can earn a passive income from the coin.<\/p>\n

They can buy some early as part of the presale by going to Meme Kombat\u2019s official website, where 1 MK currently costs $0.1667.<\/p>\n

This will rise to $0.1883 on November 2, while the token\u2019s listing on trading platforms could send it much higher soon enough.<\/p>\n

Visit Meme Kombat Now<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n

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