Dogecoin is one of the most unpredictable cryptocurrencies in the space. The project came from nowhere and became one of the most popular cryptocurrencies in the market. Dogecoin news since the beginning of the year has been about one new milestone after another. While the Elon Musk Dogecoin joke contributed to creating visibility for the Dogecoin project, it isn’t the only reason why DOGE is trending in the cryptocurrency space. In fact, many members of the cryptocurrency community are now seriously wondering; is Dogecoin worth it? Will Dogecoin continue to rise? Why is Dogecoin surging? Well, Dogecoin is here to stay and a recent Dogecoin price analysis on CryptoNewz places the price of Dogecoin above the resistance at $0.005000 before the end of the year.
Dogecoin Price Prediction 2019 – Dogecoin News Today – Dogecoin Projections – Elon Musk Dogecoin – Dogecoin News Update – DOGE To The Moon
When the altcoins started to rise against the USD along with BTC, the price of Dogecoin joined the rally a little late. However, the price of Bitcoin is now losing its momentum against the USD and other altcoins are following the same pattern. However, Dogecoin is still trading in green. At the time of writing, the price of Dogecoin was $0.002698. This means that it is up by 4.32% against the USD and down by 0.39% against the price of BTC. The trading volume over a 24 hour period is $54,095,659 and the market capitalization is $322,255,513.
Dogecoin managed to get the attention of Coinbase, America’s most popular cryptocurrency exchange. As the token was added the the Coinbase Wallet, the confidence investors have in it increased significantly. This is because Coinbase only adds support for coins with prospects. This Coinbase association is one of the Dogecoin news updates that would support the adoption and price of the token long-term. Another Dogecoin news that would have a significant effect is the association Dogecoin has with Trippki.
Dogecoin Price Prediction 2019 – Dogecoin Price Analysis – Dogecoin News Today – How High Will The Dogecoin Price Go?
In the first week of April, following the Elon Musk Dogecoin joke, the price of DOGE increased by 80% within four days. Since then, it has been losing gains. Over the last 30 days, the market capitalization of Dogecoin is down by 15.31%. However, considering the positive developments and increase in adoption Dogecoin has managed to get within such a short time, the price of Dogecoin is most likely going to move as high $0.005000.
Before the Dogecoin price can get to this level. It will have to surge above the resistances at $0.00400 and $0.004500. This is expected to happen during the course of the year. The price would find support at $0.00150, $0.00200, and, $0.00250. If the more developments continue and the sentiment in the wider market remains bullish throughout the year, there is a high chance that the price of Dogecoin is going to hit this predicted levels.
What do you think about the Dogecoin price prediction 2019 and the Dogecoin news update today? Is Dogecoin worth it? Will DOGE sell as high as $0.00500 by the end of the year? Share your thoughts in the comment section.