The machine learning algorithm at CoinCodex has taken a crack at predicting where the Dogecoin price will land in December. Despite the current uptrend in the crypto market, the algorithm is less than optimistic about the price of DOGE over the next month and the price prediction reflects this.
Dogecoin Price At $0.065
The CoinCodex machine learning algorithm has put the Dogecoin price at the $0.0657 mark in the next month. This price level is significantly lower than its current $0.076 price and is contrary to the belief of crypto analysts that the DOGE price is ready to keep pumping.
Such a decline in the price of Dogecoin would mean an approximately 17% drop in price but still leave it above its current 50-day Simple Moving Average (SMA) of $0.064. This could mean that the drop might be short-lived.
Interestingly, the current forecast is not a deterrent for investing in the coin as the site notes that it is a good time to buy Dogecoin. Also, add in the fact that the price forecast f
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