The cryptocurrency market took a hit yesterday after weeks of trading in green. The price of Bitcoin started falling against the USD. As expected, almost every altcoin followed suit including the price of Dogecoin. According to our Dogecoin latest update, the Dogecoin price prediction 2019 is still bullish irrespective of the current price Dogecoin. In fact, the latest Dogecoin price prediction on CryptoNewz places the price of DOGE at $1 before the end of the year. Will Elon MusK Dogecoin hit $1 before the end of 2019?
Elon Musk Dogecoin – Dogecoin Price Prediction 2019 – Dogecoin Latest Update – Dogecoin News Today – Dogecoin To Surge After Price Correction
As the price of cryptocurrencies rallied, Dogecoin recorded gains against the USD rising above the resistance at $0.0030. The surge in the price of Dogecoin wasn’t surprising as the cryptocurrency has proven itself a worthy project in the space. On the first day of April, the Dogecoin community dragged Elon Musk into a April fools joke in which he became the new CEO of Dogecoin. Right after he claimed it, the price of Dogecoin went to the moon. Even if DOGE has lost some of its April gains, the Elon Musk Dogecoin hype allowed the project to get extra visibility.
As if that wasn’t enough, Dogecoin recently got endorsed by Jon McAfee, a leading member of the cryptocurrency community who is also known for his $1,000,000 BTC price prediction. Taking to Twitter, McAfee said that he was wary of cryptocurrencies with two syllabus. While he noted that his words are not trading advice, the Dogecoin community was happy because he referred to DOGE as adorable. In his words;
“Well. Frankly, I prefer one syllable coins and am not fond of Ethereum’s spelling. Additionally, many of my friends who hold Ethereum dress oddly. And, of course, Buterin looks underfed to me. But do not take this as investment advice.”
Another member of the cryptocurrency community quickly reminded McAfee of his bullish Bitcoin sentiment stating that Bitcoin doesn’t have a single syllable. In reply, he said;
“Did I say I liked it? Merely predicting its rise. The name itself connotes “Tiny Coin”. My friends own hearty sounding coins, or adorable coins like “Doge”. I could cop out of course and say “BTC” but then that’s three syllables and would demonstrate my ignorance.”
The point here is that Dogecoin has quickly risen to the spotlight especially considering the fact that it started as a joke. The unique platform has proven that it isn’t going anywhere anytime soon irrespective of what critics have said about it. In fact, after the current price correction, the price of DOGE is expected to surge.
Elon Musk Dogecoin – Dogecoin Price Prediction 2019 – Dogecoin Latest Update – Dogecoin News Today – Current Price Of Dogecoin
At the time of writing, the price of Dogecoin was $0.002992. This means that it is up by 3.96% against the USD and up by 2.44% against the price of BTC. The trading volume over a 24 hour period is $62,322,763 and the market capitalization is $357,651,803. Over the last 30 days, the price of DOGE has stayed within the range of $0.0035 to $0.0024. The major resistance at this time is at $0.0034. If the price of Dogecoin is able to cross this resistance in the next few days, there will be a more significant surge in price.
Bitcoin (BTC) Price Today – BTC / USD
Before the end of this year, the price of Dogecoin has what it takes to move as high as $0.009 and $1. If it doesn’t hit $1 by the end of 2019, it will hit this level by the first quarter of 2020.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin latest update today? Will the price of DOGE rise as much as $1 by the end of this year? Share your thoughts 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.