Why is Dogecoin going up? This is one question that has been trending in the cryptocurrency space since April when the Elon Musk Dogecoin hype became viral on Twitter. While the Dogecoin project has a solid proposition, Elon Musk helped increase its visibility when he jokingly became the CEO of Dogecoin. The price of the cryptocurrency increased by more than 80% within four days after that incidence. While it has shed off a significant portion of the gains, the Dogecoin price prediction 2019 is still bullish. If you’re among those who are wondering if Dogecoin will ever rise, this post is for you.
Dogecoin Price Prediction 2019 – Dogecoin Price Projection – Elon Musk Dogecoin – Dogecoin News Today – How High Will Dogecoin Go?
So far, Dogecoin has built a solid community of true believers who are convinced of the future of the project. If there is anything that builds a cryptocurrency or blockchain project, it’s a strong community. The community promotes the project and everyone wants to know about it. Another thing that has kept the Dogecoin price prediction 2019 bullish is the charitable work by the team behind the project.
Over the last one month, the price of Dogecoin has gone from bullish to bearish but it has maintained an ascending trendline. Still the 29th cryptocurrency on CoinMarketCap, Dogecoin price is down by 31% over a 45-day period. This is mainly because most of the gains from last month were due to the Elon Musk Dogecoin hype and the effects cooled off shortly after. In the first week of April, the price of Dogecoin moved as high as $0.0039. Right now, it is way below this level.
At the time of writing, the price of Dogecoin was trading at $0.002884. This means that it is up by 5.20% against the USD and down by 0.33% against the price of BTC. The trading volume over a 24 hour period is $57,919,630 and the market capitalization is $344,619,828. There was resistance at $0.0028 but the price of Dogecoin has successfully broken this resistance.
Dogecoin News Today – Dogecoin Price Prediction 2019 – Dogecoin Price Prediction 2020 – Future Price Of Dogecoin
The all-time high of Dogecoin is about $0.0187 and it reached this level on the 7th of January 2018. Until March, Dogecoin traded in the $0.0023 and $0.0020 range. We all know what happened in April. The price of Dogecoin has been able to maintain its ascending trendline even if or took several minor dips along the way. According to a Dogecoin price prediction 2019 on CryptoNewz, the price of Dogecoin will most likely hit $0.009 this year. By the year 2020, if the positive fundamentals continue, Dogecoin price will move as high as $0.001.
It is important to keep in mind that anything is possible in the cryptocurrency space. So, even if the price of Dogecoin has been predicted to move to the $0.009 level by the end of this year, there is a strong chance that it may surpass this level. There is also a small chance that it may not sell as high as $0.0090. Buy Dogecoin in portions when it takes dips and wait for the price of increase before you take your profit.
What do you think about the Dogecoin price prediction 2019 and Dogecoin price prediction 2020? Share your opinion about our Dogecoin latest update in the comment section below.