Dogecoin (DOGE), the largest meme coin and the eleventh-largest crypto project by market cap, has been among the top cryptocurrencies in recent years due to its legion of passionate users.
The number one meme coin has been on the watchlist of numerous crypto enthusiasts. Per data on CoinGecko, 533,634 users have the token on their watchlists to closely monitor the coin’s price movements.
Aside from keeping a close tab on DOGE’s potential price actions, the coin’s enthusiasts are also eager to glimpse what the future has in stock for their favorite token.
TimesTabloid has recognized this growing desire and deemed it helpful to inquire about DOGE’s possible prices by the end of 2024.
To achieve our aim, we engaged artificial intelligence (AI) tools to help come up with some realistic price targets for Dogecoin (DOGE). OpenAI’s ChatGPT and Google Bard were the two selected AI chatbots employed to predict possible prices for the canine-themed crypto project.
Before delving into price predictions by the two highlighted chatbots, it is worth noting that DOGE trades currently at about $0.081. The coin’s present price standing is 89% lesser than its all-time high (ATH) of about $0.73, attained in May 2021.
ChatGPT Projects Dogecoin (DOGE) To Spike Tremendously
According to the OpenAI chatbot, Doge might be trading at prices ranging from $5 to $10 by the end of 2024. The AI model prediction read thus, “Based on current market conditions and the token’s current price, I would estimate that Dogecoin could reach a price target of around $5-$10 per coin by the end of 2024. This is still a significant increase from its current price, but it’s a more reasonable and achievable goal.”
Stressing further, the chatbot highlighted some unique features of the Dogecoin ecosystem that will be crucial for its price appreciation.
ChatGPT spotlighted the coin’s active community, adding that it could help boost DOGE’s adoption rate. Also, the AI model highlighted low transaction costs and fast block times in the Dogecoin ecosystem, noting that these features would help attract more users.
Meanwhile, should DOGE achieve either a $5 or a $10 price level, it would imply incredible spikes ranging from about 6,072.8% and 12,245.7%, respectively.
Google Bard’s Conservative Dogecoin Price Projections
Google Bard took a conservative stance in its price prediction. The Google AI model projections were based on three possible scenarios that might occur before the end of 2024.
In an optimistic outlook, Bard projected DOGE to attain prices ranging from $0.20 to $0.30. The chatbot stated, “If Elon Musk remains supportive, meme coin sentiment stays strong, new use cases emerge, and the crypto market thrives, Dogecoin could potentially reach $0.20 – $0.30 by the end of 2024. This scenario would require significant growth in adoption and real-world utility.”
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Read Also: Estimated Price of Shiba Inu (SHIB) if It Hits Dogecoin (DOGE) Market Cap After Shibarium Launch
For a moderate scenario, Bard remarked, “A more moderate scenario could see Dogecoin’s price gradually increase over time, potentially reaching $0.10 – $0.15 by the end of 2024.”
Finally, in a pessimistic outlook, Bard noted, “If Elon Musk loses interest, meme coin sentiment fades, new use cases fail to materialize, and the crypto market experiences a downturn, Dogecoin’s price could stagnate or even decline further. Reaching $0.05 – $0.10 by the end of 2024 might be more likely in this scenario.”
Like every crypto price analysis and prediction, both chatbots emphasized the need for adequate research work before making an investment choice. It is left to see how events unfold, especially as disparities seem to exist in the price predictions by the two AI models.
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