Skip to content

Machine learning algorithm sets Dogecoin price for April 30, 2024

Machine learning algorithm sets Dogecoin price for April 30, 2024

Bitcoin (BTC) and Ethereum (ETH) are experiencing a bit of a hangover after the recent market rally. Both cryptocurrencies have dipped roughly 5%, injecting some turbulence back into the market. 

Despite this pullback, the overall sentiment remains cautiously optimistic. Investors are still eyeing potential gains, but with a newfound awareness of the crypto market’s characteristic volatility.

Meme coin Dogecoin (DOGE) has capitalized on this momentum, breaching key resistance levels and chasing the coveted $1 mark.

Forecasting DOGE’s potential trajectory

In an endeavor to forecast Dogecoin’s potential trajectory by the end of April, Finbold enlisted insights from artificial intelligence (AI)-driven predictive machine learning algorithms.

The AI analysis presents a not-so-optimistic outlook for Dogecoin’s price, anticipating a moderate decrease. 

Their prediction model suggests that the DOGE price could reach $0.161 by the conclusion of April, reflecting a potential decrease of -16.15% from its current price of $0.192.

Dogecoin 1-month price prediction. Source: CoinCodex

Dogecoin price analysis

Dogecoin has encountered a hurdle in its upward climb. Previously trading above the crucial $0.20 support zone on April 7, price has since dipped below this level. This raises concerns about its ability to maintain momentum and reach the anticipated $0.30 mark.

At the time of reporting, Dogecoin’s current price stands at $0.192. Despite experiencing a slight increase of 0.97% for the day, this uptick adds to a broader trend of growth, with a 3.83% increase over the past week. 

Notably, this upward momentum has persisted over the past month, with a significant increase of 11.17%.

Dogecoin 7-days price chart. Source: CoinMarketCap

However, it’s important to remember Dogecoin’s impressive performance so far this year, with a surge of 129.27%.

The price has already doubled, showcasing its potential for significant rallies. 

Insights from Dogecoin’s co-founder

Billy Markus, co-founder of Dogecoin, shared on X (formerly Twitter) a screenshot of his investment portfolio, revealing declines across major assets, including the S&P 500, BTC, ETH, and, DOGE. 

This tweet highlighted the heightened sensitivity of crypto enthusiasts to even minor market fluctuations.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts