Can Dogecoin (DOGE) Hit $5 This Year?

Can Dogecoin (DOGE) hit $5 this year? This is the number one question the majority of prolific meme coin investors are asking, and experts are giving their answers. The meme coin season is almost upon us, and smart investors don’t want to miss out on the biggest moves in the market.

In this article, we’ll discuss everything you need to know about Dogecoin and also examine experts’ opinions on whether Dogecoin will hit the $5 mark this year or not. We’ll also discuss the important features of a new hybrid meme coin, which analysts believe will outperform the majority of the top meme coins in the industry this year.

Dogecoin (DOGE) Price Prediction For 2023

It is noteworthy to mention that the price of Dogecoin (DOGE) has been in a downtrend on the daily and weekly time frames for the past few months. The price of the Dogecoin token, which has dropped over 94% from its all-time high, is presently struggling to stay above water. The DOGE token has also plummeted by over 15% in the last 14 days and by over 18% in the last 30 days.

This continued massive drop in price has created an unsettling feeling for long-standing investors as new entrants are rethinking their choices. Many DOGE investors who are still holding their portfolios at a loss are curious if Dogecoin can hit $5 this year.

Expert analysis of the Dogecoin chart shows that the price of the DOGE token is resting on a very strong weekly support level at the $0.062 price region. Experts believe while the price of DOGE may be in a downtrend, there’s a possibility the price of Dogecoin may recover and reverse from the support level.

However, in the event the price of Dogecoin breaks through this level, analysts believe the price of the token may slump as low as $0.033 or even lower in no time. Analysts believe the $5 price mark for Dogecoin in 2023 may be highly unlikely, as the price of the token lacks enough liquidity and bullish momentum to rally that high.

On the other hand, experts are suggesting Pikamoon, a new hybrid meme coin, to DOGE investors who are looking to make a quick recovery on their portfolio and amass profit before the end of the year.

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What Is Pikamoon?

Pikamoon is a hybrid GameFi project backed by its native token, $PIKA. $PIKA is a super-deflationary token that serves as the only means of exchange in the Pikamoon ecosystem. This in itself confers a high level of utility on the $PIKA token.

$PIKA is a highly sought-after GameFi token by investors. This is due to no other reason than the $PIKA token being designed to increase in value over time. So investors know they can make tons of money if they hold the $PIKA token over a long period of time.

The core team at Pikamoon was able to achieve this feat by burning 0.5% of every $PIKA token used in the Pikaverse. This burning mechanism reduces the total number of $PIKA tokens in circulation, thereby creating a form of scarcity that increases the value of available $PIKA tokens.

There’s more. The Pikamoon team created an offline and online game mode feature to transform how gamers and crypto enthusiasts interact with the metaverse. Players can have loads of fun in the Pikaverse, the metaverse of the Pikamoon game, with or without the internet. This is no doubt a game-changer for the P2E industry.

Pikamoon Presale

The Pikamoon presale is the topic of discussion in every crypto community presently. Crypto whales and top investors are amassing as many $PIKA tokens as they can while the prices are still low.

Pikamoon is in the third and last round of its presale, and its tokens are selling for as little as $0.0006. Many veteran investors believe this price is a steal, as the $PIKA token is poised for massive growth after its launch.

This is a massive opportunity to level up your crypto-investing career. Don’t miss out on the Pikamoon presale!