Dogecoin (DOGE) Price Might Drop More Than 60% in Coming Months

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Despite the fact that Dogecoin’s price is still under the radar, a well-known analyst has sold all of his cryptocurrency assets and has further invested in Dogecoin and Shiba Inu.

Jeremie Davinci, a well-known Bitcoin expert, and early adopter, recently announced that he has sold all of his cryptocurrencies save Dogecoin and Shiba Inu to his fans. Jeremie replied to his tweet, pointing out that his claim was not entirely accurate. Although the early Bitcoin adopter’s portfolio is likely to include other assets and altcoins, it fueled an optimistic feeling among holders.

Analysts have assessed the Dogecoin price trend and forecast that the meme coin will succumb to selling pressure and collapse by 76%. A crypto researcher named @Pladizow has set a $0.01877 downside goal for the meme currency.

Billy Markus Gives a Reality Check

Crypto traders, according to Billy Markus, co-creator of Dogecoin, have lost interest in the meme coin because crypto is only fascinating when the price is high. Markus argues that crypto is only interesting in a bull market and that Dogecoin’s popularity has been dwindling since the summer of 2021.

Markus shared a snapshot of a sharp drop in Dogecoin search requests. While widespread interest in Dogecoin peaked at 100 in June 2021, it plummeted to below 25 in less than a year, a 3x drop. The Dogecoin price boom in the summer of 2021 fueled the meme coin’s popularity in the crypto world, resulting in a surge in attention.

What’s Next for Dogecoin?

Dogecoin Core’s most recent version was released about six months ago. In a unique GitHub section dedicated to the joke coin, a plan for the release of the next version of Dogecoin Core has been revealed.

The developers have highlighted the eradication of known Bitcoin vulnerabilities as one of the topics shared in the v1.14.6 release plan. Attacks on Bitcoin nodes that contest the receipt of transactions from other nodes could be mitigated. This, according to the developers, could improve the overall security of the Dogecoin Core infrastructure.