Dogecoin Price Prediction; This Meme Coin is Dead. D2T is The Future

Discussions around the future price of Dogecoin remain at large. Many crypto experts still believe that as the forerunner of meme coins, Dogecoin can still reach its infamous $1 target. Yet, crypto traders are not setting their hopes on this meme coin, especially since other meme coins are in the crypto market, providing better utilities and use cases to their respective ecosystems.

The fall from its All-Time High of $0.74 to about $0.06 in the current bear market has raised doubts and fears among many crypto traders, causing them to abandon this meme coin and focus on newer opportunities in the crypto market.

Is Dogecoin Dead? This article points to how it started and what experts speculate about this meme coin in the coming years. If you are a keen trader eagerly anticipating a better token with exciting prospects, this article shows how Dash 2 Trade is the future of cryptocurrency. Keep reading to learn more!

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The Origin Story of The First Meme Coin

Cryptocurrency is a serious investment where traders get liquidated within minutes during market volatilities and a change of bullish to bearish sentiments. It is then ironic seeing how Dogecoin was created as a "joke" by two software engineers, Billy Marcus and Jackson Palmer, in late 2013 and yet gained attention and communal support since its creation.

To further drive the humor behind this coin, the creators combined "Bitcoin" and "Doge," a misspelled word to describe a Shiba Inu dog, to create Dogecoin. Initially, Dogecoin was designed to become a fun alternative to Bitcoin. As a result, this meme coin garnered a massive following of users who loved the idea of crypto but were not serious about investing.

Before long, Elon Musk, CEO of Tesla and Space X and one of the world's wealthiest men, continuously created several memes to show his admiration for this meme coin. Due to Elon's constant bullish stance on Dogecoin using memes, several Dogecoin pumps happened as a result of his tweets which many dubbed "the Musk Effect."

To further add to the mass hysteria of Dogecoin among coin loyalists and the crypto community, the rapper Snoop Dogg made a humorous yet noteworthy tweet about Dogecoin and kiss singer Gene Simmons, who tweeted earlier this year that Dogecoin price will ascend high.

While Dogecoin is not the crypto to shy away from media attention, its community has often supported good causes around the crypto space. In 2014, Dogecoin fans raised over $50,000 (more than 67 million DOGE) to sponsor NASCAR driver Josh wise to compete in the winter Olympics. Also, during World Water Day on March 22, 2014, Dogecoin fans raised about $30,000 to help build clean-water wells in Kenya.

Future Price of Dogecoin: Experts and Technical Analysis

Despite the fascinating origin story of the first meme coin, it is essential to note that dogecoin offered no actual use case, nor was it innovative by design. Also, the coin is hyperinflationary, with more than 132 billion DOGE in circulation, with more yet to be minted.

The current sentiment regarding Dogecoin remains bearish. Yet, many experts still have bullish prospects surrounding Dogecoin, with speculations reaching $2.07 by 2031. The means to achieve such high prices in the future remains unknown, as past Dogecoin pumps were due to Elon Musk's viral tweets or celebrities taking turns to FOMO the meme coin.

With no use case in mind, investors are stuck between the economics of demand and supply with the hopes of benefiting from future prices. Let's consider the technical Analysis of Dogecoin, which could present trading and investment opportunities regarding this meme coin.

Considering the technical analysis of Dogecoin, the weekly price action has shown continuous bearishness as the DOGE/USDT dropped from its highest price of $0.70 and currently ranges between $0.05 and $0.06. 

The price has invariably reached a strong support level (green line) of $0.047, and one could expect a nice rally to the upside, which could become evident when the bulls return to the crypto space. If price breaks through that support line, there could be high FUD (Fear, Uncertainty and Doubt) surrounding this coin leading to huge dumps.

This current price action is well-suited for scalpers who may be looking to short DOGE and take profits at the support level. If the price turns to the upside, they could go long and take profits at the critical resistance level (Red Line).

A few weeks are left before 2022 ends, and the market could spiral deeper into bearishness, taking many crypto assets down with it. Thus, it is time to consider alternatives that could bring better investment opportunities before the end of 2022 or 2023.

Alternative to Consider: Dash 2 Trade Presale is Live

Dash 2 Trade (D2T) is a crypto market analytics platform equipped with professional tools to take your trading to the next level. With its Learn 2 Trade design, the platform is designed to guide you to different cryptocurrency data available in the market.

Also, with the emergence of newer crypto projects going through different presale rounds and ICO, Dash 2 Trade Platform ensures you do not miss out on these projects that could at least double your investment before they are launched to the market.

With a community of over 70,000 global users, you are provided with unbiased and professional market and social analysis to ensure you trade alongside market trends. Other features on the D2T platform include a presale scoring system, on-chain analytics, whale alerts, trading competition, and indicators available to you when you sign up on the platform.

Dash 2 Trade is the future of cryptocurrency, and the platform has raised over $650,000 within 48 hours of the presale. Each $D2T token is sold for a price of $0.0476. There are nine presale rounds, and jumping on this first train is necessary before it gets to the final rounds and launches into the crypto market. To learn more about this fascinating project and its offerings, kindly check the D2T whitepaper.

Final Thoughts

Dogecoin price is stuck in a trading range of $0.05 and $0.06 and constantly rejecting higher pricing, resulting in sideways movement. If the support level holds, Dogecoin holders and investors could have reason to smile and hope for greener price actions.

Till then, uncertainties abound. This meme coin offers no real-world use case or serves a particular utility for the crypto community. Crypto traders must handle Dogecoin with utmost scrutiny to avoid losing all their money.

On the other hand, Dash 2 Trade offers fresh hope of excitement to the market, and it is too good to miss out on this crypto project that could potentially become the go-to crypto platform for all your crypto trading needs and analysis. It is packed with premium crypto features that will enable traders and investors to get the best value for their investments.

The D2T presale is ongoing. In its first round, investors can take positions on the platforms and become part of this new revolutionary platform that provides the best and unbeatable crypto trading insights.