Dogecoin has suffered market losses as a result of a recent correction. Digital the asset grew and gained most of its value from a recent hype thanks to Elon Musk. This brought investors to the assets, which managed to grow by more than 21,000%.
A number of corrections followed. It started with the fall of the market in May, where DOGE tried to keep its prices high. The result is a loss of more than 60% from its historically highest value. Nevertheless investors they remain bullish.
Estimation of forecasts at the end of the year
Crypto Godfather is a well-known cryptanalyst on Twitter. He recently shared his thoughts on where the major cryptocurrencies will be on the market by the end of the year. He determined predictions from coins such as BTC and ETH to lesser-known tokens such as FTT and RAY.
The cryptanalyst predicts BTC at the end of the year at $ 80,000, while ETH at $ 10,000. The analyst valued Cardano at a conservative $ 4 by the end of the year. The BNB Binance coin token predicted at $ 1,200.
When it comes to Dogecoin, Crypto Godfather set the price of the property until the end of 2021 at $ 0.50. Other predictions included SOL for $ 600, XRP for $ 2.8, FTT for $ 300, LINK for $ 100, SRM for $ 120 and RAY for $ 50.
Dogecoin recovers from correction
The fall on September 7 caused Dogecoin to fall within the 30% correction. He then bounced upward, but not nearly as strong. Dogecoin previously had a rate of about $ 0.3. At the time of writing, it is trading for $ 0.24.
Dogecoin is being prepared for further retesting at $ 0.25. Subsequent retesting is likely to move altcoin toward further growth, closer to $ 0.3.