Dogecoin was trading around $0.0638 on Wednesday and has been in the red for six consecutive days. DOGE has barely performed over the past six months, bringing little to no profit to investors. The once “popular” meme coin is now the worst performing cryptocurrency of 2023. However, will Dogecoin turn things around this month and finally move to the positive side? In this article, we will focus on the DOGE price prediction for the end of the month.
Dogecoin: AI predicts DOGE price on September 30
PricePredictions, a machine learning algorithm that uses artificial intelligence to track cryptocurrency prices, has painted a bearish picture for Dogecoin. According to the forecast, DOGE may trade flat this month and will not bring profits to investors in the next three weeks.
The AI predicts that Dogecoin might reach $0.0635 by the end of this month, i.e., September 30, 2023. The price range is below the current price, indicating that the memecoin might be trading on a razor’s edge. The thin price range leaves investors no chance to make a profit.
Therefore, investors may find it difficult to book profits as there may be no momentum or volatility in DOGE this month. It is recommended to be cautious before buying DOGE in the coming weeks. As the leading meme coin is trading flat, investments may remain stagnant.
Nonetheless, the only hope for this meme currency to see a price increase is Elon Musk announcing DOGE as a payment service on X (formerly Twitter). Moreover, the chances of this happening in the next three weeks are still slim and nothing more than wishful thinking.
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At press time, Dogecoin is trading at $0.0638, down 0.3% in 24-hour trading. However, DOGE is also down nearly 92% from its all-time high of $0.73 reached in May 2023.
