Crypto News: Riding on the back of the Twitter logo change news, Dogecoin DOGE price saw significant gains in April 2023 but was confined to a brief period. Traditionally, the memecoin category has often been driven by hype and speculation and less of fundamental strength. Hence, an altcoin rally or a bull cycle could potentially lead to DOGE price pump. However, there is not much strength at the current level as a drop in Bitcoin price affected the crypto market.
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Analyst Predicts DOGE Price For 2023
Crypto analyst CrediBULL said a corrective phase in Dogecoin price after a n impulsive movement in 2021 places the cryptocurrency in a good position for a pump. What could follow is another impulse from the current level and break the $0.70 range, he predicted. CrediBULL recalled that the market cap argument was clearly dismissed when DOGE price pumped way beyond the expected lines. At $11.67 billion
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