Dogecoin [DOGE], the original meme cryptocurrency, broke new ground in the cryptosphere. Elon Musk, a multi-billionaire, provided written support for the asset and was instrumental in keeping it relevant. Consequently, the DOGE price was closely tied to Musk’s actions. The asset’s price was also significantly impacted by its most recent Twitter purchase.
Dogecoin put in an incredible performance in the month of October. During this period, the meme coin rose by 119%, beating other major altcoins in gains.
DOGE accelerated for the first time this year, indicating an upbeat mood for the token. Despite making massive gains in the first half of 2021, the cryptocurrency’s price has remained relatively stable over the past year.
With just over three weeks before the end of the year, here’s our forecast for Dogecoin’s price for December.
Dogecoin price prediction for December
DOGE is currently trading at $0.09886, down 1.26% in the last 24 hours. It went from a low of $0.09851 to a high of $0.1026 before falling to the current price over the past day. DOGE’s trading volume has also plummeted by 45% in the last 24 hours.
Cryptocurrency Experts Changeable predict DOGE could hit $0.109989 in December 2022. DOGE is predicted to reach a low of $0.0989901 and reach a potential high of $0.109989.
The collapse of the FTX empire had a significant impact on the entire cryptocurrency market. The market has recently attempted to reverse its bearish stance after falling sharply in recent weeks.
It is common knowledge that Elon Musk’s tweets have caused DOGE to stand up in the past. But “this time is different” because Dogecoin may well have some use in 2023.
But now that Elon Musk owns Twitter, it’s possible DOGE will be added to the company. As a result, DOGE may develop widely to be used for making payments. There is uncertainty about Musk’s current plans for DOGE. However, he could have plans that include the creation of DOGE.