{"id":136570,"date":"2024-09-01T11:00:55","date_gmt":"2024-09-01T08:00:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136570"},"modified":"2024-08-31T23:46:43","modified_gmt":"2024-08-31T20:46:43","slug":"dogecoins-price-will-continue-to-decline-analyst-warns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dogecoins-price-will-continue-to-decline-analyst-warns\/","title":{"rendered":"Dogecoin&#8217;s Price Will Continue to Decline, Analyst Warns"},"content":{"rendered":"<p>Currently trading around $0.10, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">Dogecoin<\/a> <\/strong>has shown minimal price movements this year, frustrating investors who are seeing little return on their investments.<\/p>\n<p>Altcoin Sherpa, a well-known analyst, predicts that Dogecoin could fall to $0.08 in the near future. He expressed regret over this prediction, stating that the coin might \u201cbleed\u201d until it reaches that level. Sherpa also noted that while Dogecoin could still be a viable option for long-term investors, its current performance is underwhelming.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Pains me to say it but <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$DOGE<\/a> probably keeps bleeding until the .08s. I still think this is probably a decent one for this cycle for passive investors but eh <a href=\"https:\/\/t.co\/9uDMLRmrGk\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/9uDMLRmrGk<\/a><\/p>\n<p>\u2014 Altcoin Sherpa (@AltcoinSherpa) <a href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1828909493905748301?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 28, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition to Dogecoin\u2019s troubles, Sherpa highlighted that many leading altcoins are also in bearish phases and unlikely to experience significant gains soon.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-experts-predict-altcoin-recovery-in-september-despite-recent-declines\/\" title=\"Crypto Experts Predict Altcoin Recovery in September Despite Recent Declines\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-analytics-crypto-altcoins-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Experts Predict Altcoin Recovery in September Despite Recent Declines<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>His comments come as Dogecoin, which was highly popular between 2020 and 2022, continues to lose momentum despite numerous attempts to revive its value through memes and high-profile endorsements, including tweets from Tesla CEO Elon Musk.<\/p>\n<p>The meme coin\u2019s reliance on hype and external influences appears to be diminishing, leaving it vulnerable to broader market trends and economic shifts. As the excitement around Dogecoin wanes, its future prospects may face additional challenges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent cryptocurrency analyst with a pseudonymous identity has forecasted further declines for Dogecoin, suggesting that the popular meme coin will continue to struggle on the charts.<\/p>\n","protected":false},"author":3,"featured_media":34628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-136570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin&#039;s Price Will Continue to Decline, Analyst Warns<\/title>\n<meta name=\"description\" content=\"A 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