We’re in the last month of the second quarter, and the price direction of most crypto assets is still bearish. The majority of investors are losing money, while a small percentage are struggling to stay above water.
We can all agree that Dogecoin investors have been through it all this year, and most are barely hanging on by a thread. The price of the token is plummeting, and portfolios are getting rekt. Investors are worried if the price of the memecoin will ever improve again.
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Analysts, in their numbers, are making various predictions on what the future holds for the once star-studded meme coin. In this article, we’ll dive deep into the analysis of Dogecoin’s future price prediction and also discuss this new meme coin that experts believe will outperform Dogecoin and Shiba Inu to rake in over 15,000% for investors.
Dogecoin Price Prediction for 2023
Dogecoin has fallen over 90% from its all-time high, and it’s not showing any signs of stopping. Dogecoin’s price has gained a small 2% in the last 7 days and dropped over 5% in the last 30 days. This continued fall in price confirms that Dogecoin is in a downtrend.
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Reports show that only 51% of Dogecoin holders are in profit, and 47% of investors are bleeding money as they are deep in losses. With the alarming rate at which the price of Dogecoin is dropping, the number of investors in profit is decreasing by the day, and more investors are getting worried as to when the token price will recover.
Analysts believe the price of Dogecoin may recover before the year’s end and rally as high as $0.177. For this to happen, the once star-studded meme coin will require a massive catalyst, such as fundamental news coupled with a high influx of investors.
However, the majority of Dogecoin investors are already looking to better prospects like Pikamoon to bank massive profits in 2023.
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What is Pikamoon?
Pikamoon is a leading P2E that is set to change the status quo with its native token, $PIKA. $PIKA is a deflationary token that is primarily used as a means of exchange in Pikamoon’s in-game marketplace. This utility confers a large amount of value on $PIKA since it will be used by gamers every day in the Pikamoon game.
It doesn’t stop there. Pikamoon is a deflationary token that is designed to exponentially increase in value. Another system put in place to ensure this increase in value is the permanent burning of 5% of all tokens used in the Pikamoon marketplace. This will, over time, significantly reduce the number of tokens in circulation, thereby creating scarcity.
Smart investors know the implications of low supply and high demand in a market like the Pikamoon ecosystem. The value of the available tokens will be forced to rise, thereby making more money for investors and gamers holding PIKA tokens.
It’s an established fact that Pikamoon is a unique crypto project, but that is not all there is to it. What makes Pikamoon really special and poised for success is the community backing the project. Experts believe a crypto project is only as successful as the level of support and engagement it receives from its community.