The latest market trend has been volatile and rather bleak. While several assets have been experiencing slight upticks, they were struggling to carry it forward. After a rather challenging month, certain cryptocurrencies were picking up. The world’s largest meme cryptocurrency Dogecoin (DOGE) is certainly one among them. The asset recorded a notable spike over the past couple of days.
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Dogecoin Current Price
Throughout the past 24 hours, the meme coin recorded a spike of nearly 5%. At the time of writing, DOGE was trading at $0.1853. The past week has, in particular, been bullish. Dogecoin surged from a low of $0.163 to a high of $0.1885, marking an 11% increase. This restored confidence in the DOGE market that has been moving rather slowly during the month of March.
More recently, the Dogecoin Foundation was seen making headlines. More than 10 million Dogecoin, worth about 1.8 million dollars, was recently purchased by the Dogecoin Foundation through its business subsidiary House of Doge. This action is a component of a larger plan to build up a DOGE reserve and promote the usage of the cryptocurrency for regular transactions.
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April Price Prediction
April is expected to be a fairly bullish month for the meme coin. According to predictions from CoinCodex, the meme coin might rise as high as $0.658108 by the beginning of the second quarter of this year. This represents a 255.56% difference from the current price. The average trading price of the asset is at $0.497823. The lowest that the meme coin dip is $0.41840. This comes as a much-needed relief to the entire Dogecoin ecosystem.
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