Dogecoin’s (DOGE) price performance during the 2022 bear market was substantially better than that of the vast majority of the crypto industry’s leading assets. After XRP, the meme coin had the third performance within the top 10 list of cryptocurrencies.
Dogecoin also surpassed its most significant rival, Shiba Inu (SHIB), which is notable given that the SHIB community was focusing on metaverse and blockchain games as well as establishing a layer-2 network. Since the start of 2023 DOGE has added $0.011 to its value and investors will be hoping for more of the same heading into February.
In particular, the machine learning algorithms at the crypto tracking platform PricePredictions 30-day forecast indicates that Dogecoin will trade at $0.0833 on January 31, 2023, an increase of about 2.5% from DOGE’s value at the time of publishing.
Dogecoin 30-day price forecast. Source: PricePredictions
The AI price projection is based on technical indicators such as moving averages (MA),
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