The CoinMarketCap crypto community sets the price of popular meme coin Dogecoin (DOGE) for May and June 2022 and Ripple (XRP) trying to evade the SEC.
The crypto community’s Dogecoin price prediction
Following the news that Elon Musk has agreed to buy Twitter for $45 billion, his favorite cryptocurrency Dogecoin (DOGE) has reacted with several sharp spikes in price. , then fell and consolidated around $0.14.
With that being the case, the CoinMarketCap crypto community predicts that the dog meme token will trade at an average of $0.1538 with 1,872 votes by the end of May 2022. Specifically, the estimated price marks a $0.01324, or 9.42% increase from the current value of the decentralized finance (DeFi) asset.
DOGE average price forecast / Source: CoinMarketCap Meanwhile, 777 community members’ votes for the end of June set a slightly lower target than in May. Estimates were that DOGE would trade at $0.01042, or 7.41% more than the price of the coin at the time of writing. Based on the performance of forecasts over the previous six months, the crypto community has historically predicted Dogecoin price with 69.39% accuracy.
DOGE forecast accuracy / Source: CoinMarketCap Dogecoin (DOGE) price analysis
Currently, according to CoinMarketCap data, DOGE is up 1.18% on the day, however, it is trading at $0.1405, down 0.73% over the previous seven days.
DOGE 7-day price chart / Source: CoinMarketCap At press time, the dog token has a total market cap of $18.66 billion. Interestingly, the community is quite optimistic about Dogecoin, possibly due to the positive impact of Elon Musk’s takeover of one of the largest social networking platforms. This effect can also be attributed to Dogecoin transactions worth over $100,000, which hit a four-month high with 2440 transactions on April 26.
Meanwhile, while Elon Musk is still trying to reach an agreement on the proposed Twitter takeover, at this stage, Dogecoin added $2 billion to its market cap in just one hour, from $16.56 billion to $18.64, as we reported on Kriptokoin.com. rose to billions of dollars.
Crypto community Ripple (XRP) price prediction
Even though XRP, the seventh largest cryptocurrency by market capitalization, has been hit by the lawsuit against Ripple, the crypto community is on the rise in digital asset and predicts it will increase its price by the end of May.
With that being the case, the CoinMarketCap crypto community predicts that the XRP token will trade at an average of $0.8188 on May 31, 2022 with 2,028 votes. Specifically, the estimated price indicates an increase of $0.1705, or 26.29%, from the current value of the decentralized finance (DeFi) asset.
XRP average price forecast for May / Source: CoinMarketCap Meanwhile, 1,070 community votes for the end of June set a slightly lower target than May, and XRP’s It determined that the coin would trade at $0.8115 on June 30, an increase of $0.1632, or 25.18% from its price at the time of writing. Based on the performance of previous forecasts, the crypto community has historically predicted the end-of-month price of XRP with 77.57% accuracy.
XRP prediction accuracy / Source: CoinMarketCap Ripple (XRP) price analysis
Currently, XRP is up 0.15% on the day and the previous seven, according to CoinMarketCap data. It is trading at $0.6483, down 14.41% throughout the day.
XRP 7-day price chart / Source: CoinMarketCap At press time, the token’s total market cap is $31.16 billion. Meanwhile, software company Ripple, independent of XRP but a major player in the XRP ecosystem, is waging a turbulent legal battle against the United States Securities and Exchange Commission (SEC).
Recently, both parties agreed to take closing briefings a few days before Christmas, effectively pushing the end of the case to 2023. The blockchain company had previously expected it to be finalized by the second half of November 2022.
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