The Dogecoin price has fallen by 3% in the past 24 hours, with its drop below $0.15 coming as the crypto market barely moves today.
Despite this loss, DOGE has actually risen by 2.5% in the past hour, in line with the rest of the market, which is compensating a little for yesterday’s losses.
This means the Dogecoin price has now dropped 24% in a week, but remains up by 16% in a month and by 60% in a year.
The last hour’s bounce also raises the possibility that the market has bottomed and is now entering a recovery, something which could see DOGE make further gains soon enough.
Dogecoin Price Prediction as DOGE Falls Below $0.15 – Is DOGE Going to $0.01?
After suffering over the past week, DOGE is showing increasing signs of a recovery, with its indicators bottoming out and beginning to rise again.
Most notably, DOGE’s relative strength index (purple) has jumped from 30 earlier this morning to just over 50 now, and it looks like it should continue for a while yet.
Source: TradingView
At the same time, the coin’s 30-day average (orange) has flattened out after a period of consistent declines, indicating that it had entered an oversold position and is now ready to rise again.
We haven’t seen a pronounced spike in trading volume just yet, but with the coin now rising vigorously more buyers could soon follow.
It’s likely that DOGE had fallen by so much that investors and traders could no longer pass on the opportunity to buy it at a discount.
It’s also possible that today could be the beginning of a pre-Bitcoin halving rally, although some analysts have warned that financial pressure on miners could force a damaging selloff.
However, given that the market has declined markedly over the past week, such a selloff may have already happened.
This means that the market is now ready to recover while bringing the Dogecoin price along for the ride.
Bitcoin’s halving and Doge day colliding in 2 days! Which dog coin is going to SKYROCKET? #BTC #DogeDay #halv pic.twitter.com/yknts4DGnl
— Moontok 月兔 (@MoontokOfficial) April 18, 2024
As for Dogecoin itself, the Bitcoin halving is set to take place on April 20, which is also Dogecoin Day.
As such, we could see DOGE outperform the market a little, especially if it continues to receive plugs from Elon Musk, who recently tweeted about the coin.
And if X ever integrates DOGE once it introduces digital payments on its platform, then the Dogecoin price could skyrocket.
For now, traders can expect it to reach $0.2 in the next few weeks and $0.4 by the summer.
New Presale Tokens May Outperform Bigger Coins
Because DOGE’s performance may be a little too steady for some, they may prefer to invest in newer tokens, especially presale coins that can generate lots of momentum as they prepare to list.
One exciting presale coin available at the moment is DICE, the native token of popular crypto casino Mega Dice.
Mega Dice is one of the most trusted online casinos in crypto, with its website offering over 4,500 games to play and bet on, from casino classic to sports betting.
Capitalizing on its extraordinary growth since launching last year, Mega Dice is now launching the Solana-based DICE.
$DICE is landing on Solana!
Get ready for exclusive benefits, retroactively and with every wager.
The ultimate casino token experience is coming. Stay tuned for updates through our official channels: Telegram & X.#Solana $DICE pic.twitter.com/eDuMR3DH0e
— Mega Dice Casino (@megadice) April 3, 2024
It opened the presale for DICE earlier this week, and has already raised more than $340,000.
This is an impressive figure, with DICE offering plenty of utility to its holders once it launches.
It will be usable as a payment token for games on Mega Dice’s platform, while it will also provide access to exclusive games and promotions.
As a token, it will have a fixed supply of 420 million tokens, while holders will also be able to stake it.
The combination of staking and a capped supply could mean that DICE quickly becomes a deflationary token, with its price rising steadily over time as it grows in usage.
This has a strong probability of happening, given how popular Mega Dice already is as a crypto casino.
And because of this popularity, the coin may rally strongly when it lists on exchanges in the next few weeks.
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