The Dogecoin (DOGE) network has been the talk of the cryptocurrency town for a while now. The asset was pushed to the sidelines after Solana (SOL) was seen growing over the past day. The OG meme coin was once again making noise as investors bet on the asset moving beyond the $1 mark and reaching $1.5.
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How Is Dogecoin Faring At The Moment?
The meme cryptocurrency rose all the way to a high of $0.43. Over the past month, DOGE surged by 180%. This comes as a surprise to many as the asset was often criticized for its lack of utility and sluggish price movement. At press time, Dogecoin was trading at $0.3934 following a 1.91% spike over the past 24 hours.
The largest meme coin is currently trading 46% below its all-time high of $0.737. DOGE reached this peak about four years ago. Several believed that Dogecoin’s current momentum could take the asset to its peak or even to a much higher price of $1. But this hot streak was cut short.
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ChatGPT’s Predictions
ChatGPT noted that several factors would have to align for DOGE to reach $1.5. This includes market sentiment, adoption, and increase in utility, regulation, macroeconomic factors, and cryptocurrency market conditions. According to the AI chatbot, analysts believe that Dogecoin will surge to a high of $0.58 by the end of the year.
It seems like the market will have to wait longer to reach $1.5. ChatGPT noted that the meme will surge to this high only between the years 2030 and 2035. This is certainly a long wait. However, DOGE can achieve this milestone much sooner if Elon Musk or Donald Trump bring about pro-crypto regulations. In addition, Musk’s endorsement of the meme coin could hold more prominence at the moment.
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