Dogecoin, the popular memecoin, has seen a sharp drop of almost 20% in its value this past week, causing it to fall to 10th place in terms of market capitalization. Despite this decline, artificial intelligence algorithms are optimistic about the future price of DOGE, with projections indicating a potential increase of over 100% by the end of the year.
According to AI analysis, Dogecoin could potentially reach a price of $0.29 by December 31, representing significant growth from its current levels. Other AI models have also offered price predictions ranging from $0.20 to $0.80, all suggesting potential profits for investors.
While Dogecoin’s current price sits at $0.14, marking a weekly loss, the memecoin has still seen a gain of close to 58% since the beginning of the year, surpassing other major cryptocurrencies like Ethereum. Despite the recent drop, Dogecoin remains a popular choice among investors, with expectations of a potential price surge in the near future.