Dogecoin Price Prediction 2019: What Does the Future Hold for Elon Musk’s Favorite Digital Currency

The recent price action of Dogecoin has given the coin publicity. A lot of digital asset investors and traders are now looking in the direction of Dogecoin as one of the best cryptocurrency to invest in 2019. Many analysts are also releasing bullish Dogecoin price prediction 2019, attracting more investors to the coin. Irrespective of Dogecoin price trend over the past two days, the digital currency is still the favorite of most investors out there. Will Dogecoin ever go up? Dogecoin USD price is currently in the red, but the digital currency looks set to continue its upward trend soon.

Elon Musk Is Bullish on Dogecoin (DOGE) – Will Dogecoin Ever Go Up?

Recently, Elon Musk has been pretty bullish on Dogecoin (DOGE). Earlier this year, Musk called Bitcoin (BTC) “Brilliant.” Musk is also a great fan of Bitcoin (BTC) – the world’s most dominant digital currency with a dominance level of 54 percent. However, earlier this month, Musk revealed his favorite digital currency via a tweet. In a tweet, Musk said “Dogecoin (DOGE) might be my fav digital currency. It’s pretty cool.”

Musk made this post on Twitter after Dogecoin official Twitter tweeted about who should be the next CEO of the digital currency (as a joke). It was a pool and the likes of Vitalik Buterin, Marshall Hayner, and Charlie Lee were also on the list. However, Elon Musk emerged the winner with 54% of the votes. Dogecoin official account later crowned Musk the winner and anointed him the CEO of Dogecoin (DOGE) – it was all joke.

While all of that was a joke, Musk is very serious about how he feels about Dogecoin. He so much believes in the digital currency and he has been tweeting about the digital currency since then. What is the fate of Dogecoin (DOGE) in the near future? Will the bullish tweets of Musk help to push the price of Dogecoin higher? What is Dogecoin price prediction 2019?

Dogecoin Price Analysis – Dogecoin Price Prediction 2019 – Dogecoin Price Forecast – DOGE USD Live Price

While Dogecoin emerged in the crypto space as a joke, it is gradually becoming an alternative to Bitcoin (BTC). The digital currency has a very strong community behind it and the bullish Dogecoin price prediction 2019 are also acting as support. At the moment, Dogecoin USD live price is deep in the red after failing to break over a key resistance level. The price of Dogecoin is now hovering around the $0.002 level after failing to clear the $0.003 resistance level.

Dogecoin was trading close to the $0.003 level before it plunged lower. The price of Dogecoin plunged and broke the support at the $0.00280 level. The bulls couldn’t hold on any longer and DOGE USD price plunged below the $0.00250 and $0.00240 support level. The price of Dogecoin even plunged towards the $0.0020 level before it started correcting higher.

At the moment, the digital currency is now over the $0.00240 level with immediate support at the $0.00235 level. On the upside, the immediate hurdle of the coin is at the $0.00260 level. A break over this level will pave the way for more gains towards the $0.003 level.

Will Dogecoin hit $1? Will the forthcoming Core 1.14 update cause a massive spike in the price of Dogecoin? Many are hoping that the price of Dogecoin will hit the $1 level by the end of this year, very bullish Dogecoin price prediction 2019, right? However, some analysts believe Dogecoin price can hit the $0.09 level by the end of this year.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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