Since the cryptocurrency industry is still relatively new, metrics and endorsements go a long way especially when they are from reliable sources. The FCAS rating is one of the most accurate in the space. So, positive FCAS rating often means bullish cryptocurrency price prediction. Elon Musk Dogecoin scored 701 points in the FCAS Metrics. Typically, FCAS rates cryptocurrency based on several variables like market maturity, user activity, developer behavior, etc.
The awards range is from 0 to 1000 with S-Superb being the highest category and C-Caution being the lowest. So, if a cryptocurrency is in the S category, it means its future is extremely bullish. If a cryptocurrency is in the C category, it means investors need to be wary. By scoring 701 points, Dogecoin fell in the B category. The data from FCAS Metrics revealed that Elon Musk Dogecoin scored 644 in market maturity, 924 in user activity and 539 in the developer community. With these variables in mind, the Dogecoin price prediction 2019 on CryptoNewz places the price of DOGE at $0.009 or higher before the end of this year. This means it will be three times higher than its current price.
Dogecoin Price Prediction 2019 – Why Is Dogecoin Falling?
Dogecoin (DOGE) Price Today – DOGE / USD
Right now, Dogecoin is falling because the altcoin market is under a price correction following Bitcoin’s lead. So, Dogecoin is not falling because the project is weak or bearish long-term.
Will Dogecoin go up?
As soon as the market correction is over, the price of Dogecoin will bounce back. The Dogecoin price prediction 2019 is bullish mid and long-term so there is no need to worry about the current price action. However, it is important to note that anything can happen in the cryptocurrency space. So, there is no assurance that the price of Dogecoin will become three times higher by the end of the year. The bears are currently putting pressure on the market and this is why people are asking questions like why is Dogecoin falling and will Dogecoin go up?
Dogecoin News Today
Dogecoin is one of those cryptocurrency projects that have the potential to change the world in the next few years. This is why members of the cryptocurrency community are starting to increase their Dogecoin holdings.
Dogecoin has gotten endorsed by many prominent members of the cryptocurrency space including Elon Musk and John MacAfee. It was the Elon Musk Dogecoin hype on the first of April that led to an 80% surge in the price of DOGE within four days per our Dogecoin news update at the time.
If you’re going to invest in Dogecoin, you need to keep checking out the latest Dogecoin price prediction 2019 and beyond this year. Dogecoin latest updates are also important so that you know exactly what is happening within the Dogecoin community and how it can affect the Dogecoin projection.
Dogecoin Price Analysis
The bulls bounced back from the support to break the 12-day EMA and the 26-day EMA . The market reached a high of $0.00320 price level.
The EMAs are trending horizontally indicating that the price is in a sideways trend. The Dogecoin now fluctuates between the levels of $0.00280 and $0.00320. According to the latest Dogecoin price analysis on bitcoinexchangeguide; on the downside, if the bears break the $0.00280 price level, the crypto’s price will fall to a low at $0.00240 or $0.00260 price level. On the upside, if the bulls break the $0.00320 price level, the market will go up to the previous high of $0.00340.
Judging by the fact that the coin fell from grace, from around $0.0036, it is considered as the most realistic resistance level. However, it’s the simplest to reach. The real struggle will start once DOGE starts fighting for an industry-new $0.004, or even $0.005 price points. However, in order to reach the first resistance level, it needs to have some stability with the support prices at, $0.0028 and $0.0024.
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