Dogecoin has been on a fast lane to becoming one of the most popular cryptocurrencies in the space. The network was created specifically for transactions related to social media contents. The Dogecoin price prediction 2019 wasn’t too bullish until after Elon Musk made a joke about the cryptocurrency on Twitter. Shortly after his post, the price of Dogecoin spiked significantly against the USD and has taken a dip since then. The latest Dogecoin price prediction on the Dogecoin news on CryptoNewz is that even if the post by Elon Musk caused a spike in the price of the cryptocurrency, there are many other fundamentals that make Dogecoin bullish against the USD this year and in 2020.
Dogecoin News – Dogecoin Price Prediction 2019 – Dogecoin Price Prediction 2020
Before April, the price or Dogecoin wasn’t doing great. As part of the April fools joke, the official Dogecoin handle posted a poll for the next CEO of Dogecoin. One of the names of the poll was Elon Musk, the CEO of Tesla. Majority voted for him to become the next CEO of Dogecoin. In reply, the CEO said that Dogecoin is the best cryptocurrency market. Shortly after, the price of Dogecoin increased by almost 100% against the USD. It’s important to keep in mind that the spike in the price of Dogecoin was also supported by the sentiment in the entire market. Bitcoin and other cryptocurrencies were rising against the USD. However, no cryptocurrency increased as much as Dogecoin during bull run. The price of Dogecoin has also lost most of the recent gains but this doesn’t affect the bullish Dogecoin price prediction.
Bitcoin (BTC) Price Today – BTC / USD
Whether it is was a joke or not, the post by Elon Musk helped Dogecoin gain extra recognition and awareness. The cryptocurrency was listed on Trust Wallet, a major cryptocurrency wallet backed by Binance Coin (BNB). The fact that trust wallet decided to list Dogecoin is a big deal because it only list cryptocurrencies with potential. This Dogecoin news was a big deal for Dogecoin and it is going to help promote adoption. It would also support a more sustainable rise in the price of the token.
The Dogecoin team is also doing well on the charity front. Recently, they announced that they would be teaming up with Huobi to work on a fundraiser for a Dog shelter called Grateful Dogs. This means that Dogecoin is willing to give back to the society. The CEO of Huobi.com, Frank Fu said;
“Dogecoin has become the darling of the cryptocurrency community with an impressive market cap that currently exceeds USD 350 million. “We are excited to support projects that have such widespread appeal, and we will continue to expand our token variety aggressively.”
Dogecoin Price Prediction 2019 – Dogecoin News – Dogecoin Current Price
At the time of writing, the price of Dogecoin was $0.002904. This means that it is up by 2.67% against the USD and up by 2.96% against the price of Bitcoin. The 24-hour trading volume is $45,195,084 and the market capitalization is $345,954,483. The price is up by 36.88% against the USD over a 30-day period. The market capitalization is up by 37.37% within the same period.
By the end of the second quarter of the year, the price of Dogecoin is expected to hit $0.01 as the Dogecoin price prediction is still bullish. By the end of the year 2020, the price of Dogecoin is expected to be up by 5855% placing it as 0.225% against the USD.
What do you think about the Dogecoin price prediction in the Dogecoin news? Will Dogecoin move higher against the USD? Share your thoughts in the comment section.