AI revises DOGE price prediction for end of 2024
Release: 2024/05/31 20:19 Reading: 659
With some cryptocurrency assets recovering from their bearish trend, Dogecoin (DOGE) has exceeded the $0.16 threshold. Artificial intelligence (AI) algorithms forecast varying price outcomes for DOGE by the end of 2024.
Dogecoin has returned above $0.16, continuing its upward trend since the year's start. However, it remains below its yearly high of over $0.20.
AI DOGE Price Prediction
An AI model predicts the price of Dogecoin to reach $0.271106 on December 30, 2024, representing a 68.43% increase from its current price.
OpenAI's ChatGPT-4o offers a more conservative prediction, with a price range of $0.148 to $0.16 by the end of 2024.
Claude 3 Opus by Anthropic cites Changelly's long-term forecast of DOGE trading at approximately $2.14 by 2030. Finder's panel of experts estimates an average price of $0.266 by the end of 2024, with Claude 3 Opus's own projection ranging from $0.137 to $0.266.
DOGE Price Analysis
As of May 31, Dogecoin trades at $0.16096, with a 1.31% gain in the last 24 hours and a 28.44% advance over the past month.
Whale Activity
Crypto trading expert Ali Martinez reports increased activity among Dogecoin whales, noting that they have acquired a significant amount of DOGE in recent days.
A dormant Dogecoin whale holding almost 900,000 DOGE has recently transferred 23,338 DOGE to Binance.
Conclusion
AI models provide differing predictions for Dogecoin's future price action. Some indicators suggest potential growth, but it's essential to conduct thorough research before making investment decisions.
Disclaimer: This content does not constitute investment advice. Investing is speculative and involves capital risk.
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