Dogecoin: Will DOGE Rally by the End of 2023?

Dogecoin is currently trading at $0.06, and it is among the least-performing cryptocurrencies in 2023. DOGE barely spiked in price, and the hype surrounding the coin has fizzled out this year. The meme currency remained on the back foot in all three quarters of the year, leading to severe losses. Can Dogecoin turn the tables for the last quarter of 2023 and begin to rally again like it did in 2021? In this article, we will highlight where DOGE prices might trade by December 2023.

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Dogecoin: December 2023 Price Prediction

Leading on-chain metrics and price prediction firm Changelly has forecasted a bleak picture for Dogecoin in December 2023. According to the price prediction, DOGE might move from its current level of $0.060 to $0.065 by the end of December. That’s an uptick of nearly 11% from its current price for the next three months.

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The returns look meager compared to what Dogecoin delivered between late 2020 and mid-2021. An 11% profit range leaves no room for investors to make profits as the commission on exchanges and gas fees on decentralized platforms will gobble it up.

The boat of DOGE’s bull run might have sailed two years ago, never to return to its pristine glory. Investors who took an entry position after May 2021 are all underwater now, and only early investors reaped the rewards.

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Read here for a realistic price prediction on when DOGE might climb above the $1 mark next. The majority of investors are waiting for the meme currency to reach $1 and enjoy similar profits as it did in 2021. At press time, Dogecoin was trading at $0.06 and is down 0.6% in the 24-hour trade. DOGE is also down close to 92% from its all-time high of $0.73, which it reached in May 2021.

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