Dogecoin has been on fire for the past few days. If you’re one of those people who have been asking questions like; is Dogecoin worth, Will Dogecoin go up again, why is Dogecoin going up, etc, you must have been excited to see the Dogecoin latest update about the current price of Dogecoin and the Dogecoin price prediction 2019. In our Dogecoin news yesterday, we talked about how the price of Dogecoin successfully crossed the resistance at $0.002800 paving a way for more gains against the USD. Well, this is exactly what happened as the DOGE price is now above another resistance at $0.0030. Traders are wondering when the best time to take their profits would be to make the most out of the situation. Seems like 2019 is going to be a perfect year for Elon Musk Dogecoin.
Dogecoin Price Prediction 2019 – Dogecoin Price Projection – Dogecoin Latest Update – Dogecoin News Today – Elon Musk Dogecoin – Dogecoin Outperforms Bitcoin
Yesterday, as the price of cryptocurrencies surged against the USD, the price of Dogecoin gained gradually in a less rapid pace than other cryptocurrencies. At the time, it seemed like Dogecoin was moving too slowly but from the current price action of Dogecoin, the gradual and steady upward pace, is more beneficial to Dogecoin than the rapid pace. Despite the fact that it was underperforming Bitcoin and other altcoins like XRP yesterday, the tables have turned today. At the time of writing, the price of Dogecoin was $0.003089. This means that it is up by 7.78% against the USD and up by 9.50% against the price of BTC. The trading volume over a 24 hour period is $60,186,092 and the market capitalization is $369,107,535.
Bitcoin (BTC) Price Today – BTC / USD
The top cryptocurrencies on Coinmarketcap.com are currently correcting lower as is expected during a bull run. Bitcoin is trading at $7,978.78. This means that it is down by 1.62% against the USD. The trading volume over a 24 hour period is $28,230,620,770 and the market capitalization is $141,239,445,288. While the price of Bitcoin is being outperformed by the price of Dogecoin, the bull run is still ongoing. Before the end of trading today, the price of Bitcoin is most likely going to surge above the $8000 again. This leaves us with a question; when is the best time to cash out your profits from Dogecoin?
Dogecoin Price Prediction 2019 – Dogecoin News Today – DOGE/USD – Dogecoin Projection – When Is The Best Time To Cash Out
Right now, investors aren’t exactly sure what they should do. While the price of Dogecoin is still extremely bullish against the USD short-term, there is a strong chance that it would move lower in a correction attempt. Before the end of the current cryptocurrency bull run, the price of Dogecoin will most likely hit $0.00500 (this bull run may not come to a complete end anytime soon). This would be a good time to cash out your profit as that resistance is going to be difficult to overcome.
As for the Dogecoin price prediction 2019, traders who are taking long shorts will benefit the most. Per our previous Dogecoin price predictions, the price of DOGE will most likely cross $1 before the end of the year. So, the longer you hold, the more profit you’re likely to make.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news today? Share your thoughts about the Dogecoin latest update in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.