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The Good News of 600 Percent to Dogecoin! Here is the Year-End Price Forecast!


While the cryptocurrency market is going through a long crisis period, Dogecoin (DOGE) continues to be the focus of investors.

Google Searches Have Broken Records!

DOGE is attracting a lot of interest among US investors, especially thanks to the Elon Musk effect and social media. Dec. According to the IntoTheBlock report, the phrase “Buy Dogecoin” in the US recorded a 600% increase in Google Trends in three months. Especially after Musk took Twitter, the DOGE began to come to the fore even more. Among the US states, Idaho leads the US with 100 points in Google Trend ratings, followed by West Virginia with 97 points and Louisiana with 86 points in third place.

Maryland is fourth with 80 points and California is fifth with 78 points. While interest in DOGE has increased in part due to Elon Musk’s acquisition of Twitter, some investors who think we are nearing the end of the bear market are also contributing to this process. In particular, the Tesla CEO’s acquisition of Twitter has led to speculation that DOGE could be included as a pay option.

While trading volume is increasing at DOGE, the Finbold report shows that DOGE has attracted inflows of about $5 billion in five weeks. Also, the interest in DOGE is confirmed by the fact that, despite the market correction, about 60% of meme coin holders are still in profit as of November 28. The community has high hopes for the future potential of DOGE. Despite the domino effect caused by the collapse of the FTX cryptocurrency exchange and the current macroeconomic factors, DOGE decorates dreams of becoming rich for the investor. According to analysts, the Dogecoin community is likely to trigger a surprise rally. Musk is reportedly planning to collaborate with Ethereum (ETH) co-founder Vitalik Buterin to further develop the network. DOGE is trading at $0.10360, up almost 3% in 24 hours.

Year-End Forecast!

The CoinMarketCap community predicts that Dogecoin will trade at $0.0975 on December 31. This is a figure 5% lower than the current price. with a colossal market capitalization of $13,728,985,647, there are 132,670,764,300 DOGE in circulation and the maximum supply is unknown. Notably, Dogecoin saw a sudden spike shortly after Elon Musk completed his acquisition of Twitter. DOGE then quickly lost momentum and fell by 85.74%.

According to experts, the long-term success of DOGE depends on the area of its use and the increase in its adoption. Although companies like Tesla accept DOGE as a pay method for their products, DOGE still doesn’t have a lot of use cases. DOGE can certainly exceed $ 1, but the most important factor in this process is all the adoption rate. In addition, it is of great importance that the Fed steps back from interest rate policy and the FTC crisis is overcome. According to experts, these factors are prolonging the bear market for BTC and altcoins.

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