DOGE has started attracting more investors by the day. Dogecoin volume rose with Bitcoin during the early April bull market. Some analysts believe that Elon Musk could have something to do with it. Still, many enthusiasts wonder “will dogecoin ever rise” and even ask “is dogecoin dead.” This Dogecoin news today is a positive one and it shows that Dogecoin is one of the best cryptos to hodl.
Will Dogecoin ever rise – is Dogecoin dead?
DOGE started as a joke, but it has now attracted major crypto investors with its appeal, capacity and technology. The coin was inspired by the Shiba Inu dog and a popular meme on social media. The coin has now taken a strong hold of the digital currency market and is now the main talk of crypto forums.
It has an advantage of speed. The coin processes transactions a lot faster than bitcoin. It also has a better availability than BTC.
Presently, Dogecoin is trading at $ 0.003263 according to LiveCoinWatch. Its market cap is $388,308,989 with a circulating supply of about 118,988,893,040 DOGE. The coin is the 24th largest crypto by market cap.
Dogecoin price analysis – will Dogecoin go up?
On the charts, the coin has a trading point of $0.002045. this means that the coin has seen a raise of 61.41% since last month. It also has a good support level at $0.002386.
What about the future? Dogecoin aims to be the most dominant and preferred cryptocurrency for different typed of merchant payments in 2019 and beyond. This could be a win for the entire community. Analysts predict that the coin can reach $0.0032 by the end of the year. The five-year Dogecoin price prediction is pegged at $0.0119.
Other more pessimistic analysts believe that the coin would be an excellent investment option for investments in the future. And the price is also quite promising for long term investments.
Presently, the crypto market is volatile, but the coin has managed to recover despite the harsh market. This is why many analysts assumed it would reach a maximum price of $0.01 during the year. The lowest value was pegged at 0.0122.
This price was surpassed, and this is a good sign for the coin. According to Coinmarketcap, at press time, the coin is valued at $ 0.295. it also has a price correction of -2.06% within the last 24 hours. Dogecoin market cap is also at $374 million and this keeps it at the 25th spot.
What about Basic Attention Token?
BAT has also surpassed the expectations of investors and analysts alike. The cryptocurrency exceeded the levels projected for it for May 2019 ending.
BAT price prediction
Basic Attention Token (BAT) is doing well for a new coin. It has an upward trajectory, and this will allow it to touch $ 0.46 per unit in the second quarter of 2019. However, this milestone can only be achieved after the correction level is passed as projected by Elliot Wave.
The pattern also follows the EMA indicators with RSI indicator and projected bearish cross with the current sales level.
Both digital currencies have been in the news recently for positive reasons. These will all play a role in its adoption in the long term.