The crypto market community expects the price of the largest meme coin in terms of market cap, DOGE, to rise slightly by the end of the month.
The average of all price estimates show that the community expects Dogecoin to record a rise in its price of about 3%.
The price
According to the price estimates feature of CoinMarketCap the crypto community believes that by the end of April, the price of Dogecoin would be trading at $0.0873.
This would be a rise of about 3% in the canine-themed token’s price, which is currently trading at a value of $0.0848.
However, it is important to note that the predictions of the crypto community may not materialize at all. The platform disclosed that the historical accuracy of the community stands at about 79%.
Recent data shows that the accuracy had stood at 91% back in February, but it had dropped in March to 89%. Last year in October, the crypto community’s accuracy had stood at 51%.
Earlier this month, the Dogecoin community had celebrated the change in Twitter’s logo from its traditional blue bird to the DOGE mascot briefly.
However, they had been shocked when Elon Musk, the CEO of Twitter, changed the logo back to its usual one not long after.
The move
The Twitter homepage had displayed the DOGE logo to more than 360 million monthly active users on the social networking platform.
But, the blue bird logo is now back, which was a crushing blow to all DOGE fans who had been hoping that the change in logo was a sign of Twitter integrating Dogecoin payments in the near future.
The logo reversal had had a negative impact on the price of DOGE. But, a popular crypto analysts has stated that there is a surge on the horizon for the canine-themed token.
The price movements
April 20th is recognized as the ‘meme holiday’ and analysts believe that the price of Dogecoin could record a massive increase on this day.
In fact, they believe that the date could see a rise of as much as 180% on the day, even though it is highly unlikely.
For now, it appears that the bears are in control, as the market is dominated by the bearish trend and the price of Dogecoin has dropped to $0.08192.
While the bullish sentiment had also taken control temporarily, the price continues to see-saw for the most part.
But, the bears seem to be controlling most of the price action, with the exception of the Twitter logo change that had seen DOGE surge by more than 30%.