Peer-to-peer blockchain-based cryptocurrency, Dogecoin is reportedly on course to reach new heights in the latest Dogecoin price prediction 2019. The digital asset has reportedly seen its stock rise in recent weeks. Dogecoin is a protocol that has been evidently dedicated to helping its users. An example of this was when it helped its users after they were hacked.
The coins philanthropic agenda such as engaging in charities across the world has made its stock rise. The prospects are high for Dogecoin. Dogecoin saw a 3.78% increase in value over the last week and 0.54% in the last 24 hours.
Bitcoin (BTC) Price Today – BTC / USD
Dogecoin News Update: Dogecoin Price Has Been Recovering
It is quite interesting to keep an eye on all of the cryptocurrency markets in this day and age. Considering how everything stands or falls with Bitcoin, one would expect the altcoins to struggle quite significantly. That is certainly the case right now, although things have started to look less dire compared to a few hours ago. As such, some sense of recovery now has the markets in its grip, which can yield some unexpected market momentum in the process.
Dogecoin News Update: Dogecoin Trading at $0.002849 at Press Time
According to data given by CoinMarketCap Dogecoin is trading at $0.002849 against the USD. The digital asset has a market capitalization of $339,147,182 with a circulating supply of 119,058,315,954 DOGE and trade volume of about $34,741,157.
Several projects have incorporated Dogecoin in recent weeks with the most recent of these the Trust Wallet (Binance’s official wallet).
It should be recalled that barely 24 hours ago users were given the opportunity to vote for Dogecoin to be added to Binance’s official wallet, Trust Wallet. Here’s what we know so far.
Dogecoin News Update: How Trust Wallet Addition Can Take Dogecoin Price to New Heights
Trust wallet initiated a twitter poll 24 hours ago aimed at selecting which crypto will add to the wallet. The Trust crypto wallet is not an ordinary cryptocurrency wallet. Adding Dogecoin could have a huge impact on the price of the digital asset.
The reason for this is because, apart from the Trust Wallet being a secure and straightforward wallet, it is the official crypto wallet for Binance exchange. Binance is arguably the largest cryptocurrency exchange in the world. Hence, anything connected to Binance tends to draw significant interest in the digital asset market. For example, going by history, the digital assets added to the Trust wallet before now have seen a significant price increase.
Some of these coins include Zcash (ZEC) and Tezos (XTZ) both of which did well after they were included to the Trust wallet. In the case of Dogecoin (DOGE), being added to the Trust wallet can sustain the slight momentum the digital asset started following Elon Musk’s positive comments in the early weeks of this month. However, we must remember that speculation remains the biggest driver of digital asset prices. Hence, anything that will keep a cryptocurrency in the news positively can help push the price to greater heights.
In this scenario, it is always a big deal when Dogecoin (DOGE) is added to any Binance associated wallet. It will definitely make up for the ever elusive Binance listing Dogecoin failed to secure in previous attempts.