With the most recent Bitcoin price surge, there is renewed optimism in the crypto market. The altcoin sector has been re-painted with new metrics and trends as Bitcoin (BTC), which reached $70K in value, now reaches that level.
DogeCoin’s (DOGE), and Ethereum’s (ETH) new trajectory and price projections. This is how the tokens in question will perform by August 2024.
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Dogecoin And Ethereum Price Forecast for August
Dogecoin price prediction August 2024
Dogecoin will soon be the newest cryptocurrency to see an ascent upwards. This token is still in a falling price trend and not yet showing signs of a rising one.
Nevertheless, some technical analysts are optimistic about the price of Doge. Javon marks has revealed that Doge’s price is about to rise by 72%.
“Over the years, $DOGE’s log breakouts (displayed) have ALWAYS led to massive upsides, and prices have done so again with a break currently holding! Now, based on the previous 2 breakouts, each of these runs has consecutively gotten larger, and if we are to see this take place again, we can be looking forward to more than $10 DOGE in a >7,200% bull run.”
As per CoinCodexDogecoin could take some time to reach the predicted price increase. Platform predicts DOGE to decline by 13% this August. This could cause DOGE token to trade for $0.01328.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -13.96% and reach $0.101328 by September 1, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 57 (greed). Dogecoin recorded 13/30 (43%) green days with 8.68% price volatility over the last 30 days.”
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Ethereum Price Forecast for August 2024
Ethereum (ETH), the second largest cryptocurrency in terms of market capitalization, is the most popular. Recently, the SEC allowed the token’s ETFs to be launched. Companies are quickly banking on this opportunity.
This has allowed ETH to gain a solid position in the crypto world. It does not, however, protect Ethereum against occasional fluctuations in the market.
In August, CoinCodex Shared is that ETH will likely increase by a small 4% and trade at $3,318,41.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 4.31% and reach $3,318.41 by September 1, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 57 (greed). Ethereum recorded 17/30 (57%) green days with 5.14% price volatility over the last 30 days.”
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As the market dynamics for Dogecoin, and Ethereum diversify, these metrics may change.
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Source: watcher.guru