Despite the volatile nature of the cryptocurrency industry, which has been in a broader bear market throughout 2022, investors in Dogecoin (DOGE) are optimistic that the meme coin will have a good month in September.
The CoinMarketCap crypto community projects that the dog meme token will trade at an average price of $0.08991 by the end of September 2022, which is still below the $0.01 psychological threshold, based on the votes of 1,079 users of the ‘Price Estimate’ function, which allows users to predict the future value of cryptocurrencies.
Specifically, the anticipated price shows a $0.02649.41 or 41% rise over the current value of the decentralised finance (DeFi) asset at the time of writing.
The community predicts that the price will decrease by the end of October, with an average estimate of $0.07471 +$0.01192 (+18.98%) compared to the present price.
DOGE is now trading at $0.06287, down 1.47% over the last 24 hours and 8.84% for the past week, with a total market cap of $8.3 billion. Notably, the asset traded in the green before to collapsing with the larger crypto market.
Dogecoin has been in a consistent selling frenzy since it fell below $0.19 in December of last year. In June, the dog-themed cryptocurrency hit parity with its yearly lows as a consequence of this decline. Since then, however, buyers have aggressively pursued the objective of restoring essential support levels.
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