Dogecoin (DOGE) price is on the precipice of obliterating gains made last October when Elon Musk finalized the $44 billion acquisition deal of Twitter Inc. The meme lord has moved from trading as high as $0.155 last November to $0.076 on Wednesday, representing a decline of about 50 percent.
However, several analysts think the Dogecoin price is preparing for a mild pump toward $0.1 soon. Moreover, Dogecoin price has risen approximately 8.8 percent in the past seven days according to market data from Coingecko.
Notably, the Dogecoin price is under the watchlist of most crypto analysts due to its vibrant online community. Furthermore, on-chain data укажува Dogecoin is held by 5,168,753 global crypto users. Additionally, the second largest proof-of-work (PoW) secured blockchain enjoys a hashrate of approximately 621.8 (TH/s).
Coupled with increased FOMO following this week’s crypto pump, analysts believe Dogecoin will rise soon. Furthermore, Solana’s recently launched meme coin BONK has gained over 22 percent in the last seven days.
Source: https://coinpedia.org/altcoin/dogecoin-to-moon-in-2023-will-doge-price-hit-0-1-anytime-soon/