Dogecoin: Elon Musk’s Grok AI Predicts DOGE Price For Feb End

5 months ago 28

The cryptocurrency marketplace has faced a important correction today. Dogecoin (DOGE) follows the marketplace inclination with unpleasant losses. The archetypal memecoin is down 4.9% successful the regular charts, 5.8% successful the play charts, 4.4% successful the 14-day charts, and 36.5% implicit the erstwhile month. Despite the losses, DOGE’s terms has rallied 198.2% since February 2024.

Also Read: BRICS: 2 Countries Ditch US Dollar, Settle 90% Trade successful Local Currency

Cryptocurrency Market Surrounded With Uncertainty

The cryptocurrency marketplace faces 1 hurdle aft another. DOGE’s latest dip is apt owed to the contention astir Argentine President Javier Milei’s transportation to the Libra memecoin launch. President Milei has denied promoting the coin. Local media has dubbed the incidental “Libragate.”

Also Read: Argentina President Milei Dismisses LIBRA Crypto Ties Amid Impeachment Calls

Dogecoin (DOGE) is simply responding to the marketplace correction. Bitcoin (BTC) has fallen to the $95,000 terms level. The planetary crypto marketplace cap, connected the different hand, had dipped 3.3% successful the past 24 hours to $3.26 trillion.

Macroeconomic factors whitethorn contiguous further hurdles to DOGE’s price. The Federal Reserve has yet to denote an involvement complaint chopped this year. A complaint chopped whitethorn revive the markets again.

Elon Musk’s Grok AI Predicts Dogecoin’s Price

According to X’s integrated AI chatbot, Grok, Dogecoin (DOGE) could commercialized astatine an mean terms of $0.26. The chatbot made its prediction utilizing information from antithetic sources.

In an optimistic scenario, DOGE could emergence to a precocious of $4.134 by the extremity of this month. Reaching $4.134 from existent terms levels volition pb to a rally of astir 1553.6%.