AI predicts Dogecoin price for May 1, 2024
Although many assets in the cryptocurrency sector have resumed their bullish run from the previous weeks, Dogecoin (DOGE) still seems to be waiting for its turn. Despite the growing transaction volume indicating heightened activity, the meme-inspired cryptocurrency faces downward price pressure. Dogecoin has found utility in various sectors, including payments, and its association with Tesla (NASDAQ: TSLA) CEO Elon Musk suggests potential additional use cases. The large-cap meme coin, with a fully diluted valuation (FDV) of about $28 billion, has about 7 million on-chain holders. Even with significant user engagement and substantial market presence, AI-based forecasts suggest a bearish outlook for Dogecoin in the coming weeks Picks for you Bitcoin price predict ion post-halving; What's next for BTC? 41 mins ago Opportunity? This $1 cryptocurrency could surge as Bitcoin fees skyrocket 1 hour ago Here's why you should closely watch these 3 cryptocurre...