Dogecoin: DOGE Price Prediction For September 2023

The crypto market has experienced a period of continuous decline lately. Amid small rebounds and significant drops, investors have expressed concerns about their investments. Even meme coins like Dogecoin [DOGE] and Shiba Inu [SHIB] have followed the general market movement. As the community anticipated improvements, it’s likely that the trend will continue through September.

The meme coin’s value is predicted to remain above $0.0600 until Sept. 8. Subsequently, it is forecasted that Dogecoin will stay within the range of $0.0580 to $0.0540 during the rest of the month.

Also Read: Dogecoin (DOGE) Price Prediction: August-End 2023

Dogecoin holders drown in losses

Based on information from IntoTheBlock, just 41% of the coin’s holders were experiencing gains, while a significant 56% were facing losses. Additionally, the token experienced a sharp drop in its rate of new adoption. This metric reflected the proportion of newly created addresses conducting their initial transaction out of all active addresses on a specific day.

The path ahead for the dog-themed cryptocurrency seems to be full of challenges. Nevertheless, a tweet or endorsement from Elon Musk could potentially alter the destiny of Dogecoin.

Also Read: Dogecoin Millionaire’s $3 Million Haul Drops to $50K

• crypto
• cryptocurrency
• Dogecoin