Today's crypto traders are interested in learning more about Dogecoin (DOGE-USD) price forecasts as they ponder the future of the meme asset following a weekend rise.
No particular news can be found that explains why DOGE surged over the weekend. Instead, it appears that a high trading volume is to blame for the cryptocurrency's recent price increase. As of Monday morning, this had a trading volume that was up 53.6% over the previous 24 hours.
Additionally, during that surge, other meme tokens also saw an uptick in popularity. The price of Dogecoin competitor Shiba Inu (SHIB-USD) increased over the weekend as well. Traders can click this link to learn more about that.
Here are some predictions made by professionals concerning the future of Dogecoin.
Price predictions for dogecoin
CoinPedia is first on our list, with an average price prediction of $0.1492 per coin for 2023.
The next prediction comes from the Coin Price Forecast, which says Dogecoin will hit $0.1142 by the end of the next year.
WalletInvestor, which has a one-year projection of $0.0573, rounds up our list of price forecasts for the cryptocurrency.
The majority of the most recent Dogecoin price forecasts are positive when considering the current price of $0.07639. Additionally, traders should be aware that as of Monday morning, DOGE is down 3% from the prior 24-hour period.
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