Here's Why The Dogecoin Price May Surge to $1 — But C+Charge is a More Profitable Alternative

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The cryptocurrency market is still reeling from the previous Fed’s interest hike and the continued impacts of the FTX crash, and this has resulted in a significant drop in the Dogecoin Price during the past month, sending it falling below the $0.080 line.

If Twitter implements a system for accepting payments or tips using Dogecoin in the near future, the price of Dogecoin is likely to increase dramatically. However, even if the social network doesn’t, the altcoin’s underlying value may theoretically be enough to propel it to new heights.

Where Does Dogecoin Stand Now?

The current Dogecoin (DOGE) price is $0.077, down about 1.2% from its previous value. During the past 24 hours, the trading volume of Dogecoin (DOGE) was a total of $484,796,620. While the value of Dogecoin skyrocketed in the second half of October, it fell sharply in December.

Most of the increase vanished once Twitter’s CEO ceased praising Dogecoin. Despite the company’s best efforts, investors continue to dump Dogecoin in favor of more promising coins.

The prediction has also been criticized by new investors who, like the old ones, see Dogecoin as a high-risk venture. According to CoinMarketCap’s monthly price charts, Dogecoin has lost value month after month. Meme currencies like Dogecoin have always been fraught with uncertainty since their value might suddenly surge or plummet based on a single tweet.

Can Dogecoin Reach $1 in 2023?

Based on the price trend for Dogecoin on CoinMarketCap, it appears that the cryptocurrency is presently experiencing a bearish reversal, as its recent gains are being replaced by a slide into losses. The relative strength index for the company has dropped from 60 at the beginning of December to around 50, and it appears to be trending downwards both now and in the future.

Similarly, following recent gains, the 30-day moving average of DOGE appears to have reached a ceiling and will now decline toward the 200-day moving average. It might be a precursor to a larger selloff if it falls below the longer-term average.

Twitter’s Integration Could Lead to 1$ Price?

Members of the Dogecoin community are nonetheless upbeat despite the recent drop in DOGE’s value; some even hold out hope that the cryptocurrency may soon be worth $1 or more. All of these expectations seem to hinge on the remote possibility that Twitter’s CEO, Elon Musk (a vocal supporter of Dogecoin), may include DOGE tipping in the future.

Aside from Musk’s publicized DOGE holdings and cryptic references to DOGE-based payments, there is no hard proof that Twitter has any plans to use Dogecoin. As a result, expecting DOGE to reach $1 or greater is, at best, wishful thinking right now.

This is primarily due to the fact that Dogecoin’s future holds nothing exciting other than the possibility of adoption by Twitter. There is hardly any other application for it, and because of its very slow rate of development, it is unlikely to ever become more appealing to potential users and adopters.

Dogecoin might enjoy additional moderate gains if the cryptocurrency market has a good start to 2023. The fact that inflation is declining in many areas of the world is more evidence that the market might move in a more favorable direction as it indicates that macroeconomic circumstances are gradually improving.

Earlier in 2022, DOGE traded to a high of $0.15, and with the economy and market mood improving, a return to those highs is possible.

C+Charge A More Profitable Alternative?

Given how volatile Elon Musk’s actions may be, investors hoping to make a killing on Dogecoin might want to seek elsewhere or at least spread their bets. This year, presales have been one of the most promising areas of diversification, with several new cryptocurrencies seeing exponential profits after the conclusion of their presales and the listing on exchanges.

C+Charge being one such cryptocurrency, is behind one of the most exciting new crypto launches of 2023 and is creating a trustworthy P2P payment system for electric vehicle (EV) charging stations using blockchain technology.

Each customer will be issued their own electronic wallet, which can be used at any public or private charging station to pay for the electricity needed to power their electric vehicle. The $CCHG utility token, which is issued on the platform itself, is one of the most anticipated new crypto releases of 2023.

To pay for the cost of each electric vehicle charge, $CCHG is utilized to run the C+Charge ecosystem. As a result, the charging station’s proprietor may save costs. Since the C+Charge app includes a cryptocurrency wallet, merchants won’t need a point-of-sale system to accept payments.

C+Charge is promoting both awareness and participation in the carbon credit markets. To provide a holistic answer for the EV charging station industry, the platform utilizes blockchain technology and decentralized economics to include carbon credits.

The team has a solid plan in place to provide a user-friendly, private, convenient and secure payment system for charging electric vehicles. Transferring data in real-time to electric vehicle service providers (EVSPs) for fast diagnosis of chargers is another example of a use case

In addition, C+Charge intends to provide a comprehensive answer for indexing carbon credits earned by token holders and drivers on the C+Charge network. Tokenized carbon credits utilizing Flow Carbon’s Goodness Nature Token ($GNT) will be made available through a partnership between C+Charge and Flow Carbon.

Tokens worth $GNT are distributed to EV owners and drivers as a percentage of the transaction fees collected when they use the C+Charge app to pay for charging at one of the partner stations. The C+Charge mobile app is designed to be the primary information hub for EV drivers’ charging requirements.

The whole billing procedure, including payments, will be managed within the app. The C+Charge app will contain a carbon-credit tracker, real-time charger wait times, and seamless payment for a variety of platform connection options

At the time of writing, early participants in the $CCHG presale may purchase tokens for as little as $0.013 apiece. The following round of the presale will raise this price to $0.0165, and subsequent rounds will do the same.

Now is the best time to invest in this high-utility token which has the capability to give back nearly 100x the initial investment to early investors. Visit c-charge.io for more details.