The cryptocurrency market entered February with a volatile start after a good January. As we leave a week behind, what kind of market awaits us at the end of the month. The crypto community at CoinMarketCap sheds some light on this with DOGE, LUNC, ETH, and XRP price predictions.
Crypto community estimates of DOGE, LUNC, ETH and XRP
Crypto community sets DOGE price for end of February
Pushed by its ardent followers, the 2021 bull run for Dogecoin (DOGE) failed to push the cryptocurrency to the $1 level. However, the meme coin eventually rose to $0.74 as the coin ATH. In the summer of 2022, the price of a single Dogecoin dropped to $0.05. However, it recently made a minor reversal and is currently trading at $0.092.
Still, the crypto community at CoinMarketCap predicts it will change hands on February 28, 2023, with an average price of $0.08841, based on data received on Feb. This shows that they are on the decline in altcoin price for the end of February 2023. Meanwhile, machine learning algorithms at PricePredictions suggest DOGE price could potentially drive gains in the coming weeks. AI predicts Dogecoin will trade at $0.095 by the end of the month. If the community’s DOGE prediction turns out to be correct, it means it will drop by -3.83% compared to its current price.
Social DOGE price forecast for February 28, 2023 / Source: CoinMarketCapCrypto community sets XRP price for end of February
The week started on a less bullish note for most assets in the cryptocurrency market. Meanwhile, market players await the conclusion of the protracted legal battle between Ripple and the US Securities and Exchange Commission (SEC). The crypto community at CoinMarketCap set the average price of XRP at $0.4147 on February 28, 2023, according to the data received.
If the community’s predictions come true, it would mean a 5.17% increase in the price of XRP at the time of publication. On the other hand, the machine learning algorithm at PricePredictions predicted that the cryptocurrency will likely change hands at $0.388 by February 28. This is bearish compared to the previous $0.405.
XRP social average price prediction / Source: CoinMarketCapCrypto community sets LUNC price for end of February
cryptocoin.com As you follow, version of Terra Classic (LUNC), originally known as LUNA, is being upgraded from v1.0.4 to v1.0.5. The news on February 6 that Binance will support the network upgrade Terra Classic will offer sparked an optimistic narrative among LUNC investors. The crypto community at CoinMarketCap has set the median price of LUNC at $0.0002034 on February 28, 2023. This shows that investors are on the rise in digital assets.
The forecast refers to an 11.35% increase in the price of LUNC at the time of publication. Meanwhile, PricePredictions’ machine learning algorithm predicts LUNC to trade at $0.000172 on Feb.
Terra Classic community price prediction / Source: CoinMarketCapCrypto community sets ETH price for end of February
Decentralized finance (DeFi) asset Ethereum (ETH) regained key positions in 2023, aided by the overall market rally and increased network development activity. Indeed, the crypto community is looking forward to how the price of ETH will play out among the major network milestones that continue in the coming days. For this reason, the community got ahead of possible ETH price trajectory scenarios. Notably, a crypto community on CoinMarketCap predicts that Ethereum will trade at an average price of $1,542 on February 28, 2023. The forecast represents a correction of over 7% from the ETH price at press time.
Ethereum community price prediction / Source: CoinMarketCap
