Dogecoin, also known as the meme coin, has quickly risen to glory since it was created. This is despite the fact that there hasn’t been any significant upgrade since then. The success story of Dogecoin is encouraging considering the fact that many people believed that DOGE wasn’t going to survive after the first month. The Dogecoin community has grown a lot since then with new members joining every day. It has become one of the most popular projects in the cryptocurrency space. While Dogecoin has performed well since the beginning of the year, our previous Dogecoin price prediction 2019 places the price of Dogecoin at $1. What are the odds that Dogecoin will reach this level? Will never go up again?
Dogecoin Price Prediction 2019 – Dogecoin News Today – Dogecoin Latest Update – How High Will Dogecoin Go?
While the price of Dogecoin has improved significantly over the last few months, this doesn’t change the fact that the coin has high fluctuation rates. While most small market capital altcoins fluctuate a lot, Dogecoin is one of the most volatile. A typical example of the price volatility is what happened on the first week of April when the Elon Musk jokingly became the CEO of Dogecoin. Even if it was an April fools joke, the price of DOGE surged by more than 50% within four days simply because of that. The coin lost its gains after the hype cooled off. The high volatility is a blessing and a curse. You can get quick returns when you invest in the cryptocurrency and a surge comes shortly after. On the other hand, it’s also prone to pump and dump schemes.
Bitcoin (BTC) Price Today – BTC / USD
At its all-time high in January 2018, the price of Dogecoin reached $0.018773. This was when every other cryptocurrency was surging and Bitcoin, the flagship cryptocurrency, almost touched $20,000. So, reaching $1 before the end of the year without any significant upgrade is unlikely. Until the coin evolves from being a tipping token to a product with more use cases, the chances of a significant price surge will remain slim.
Dogecoin Price Prediction 2019 – Dogecoin Latest Update – Dogecoin News Today – Current Price Of Dogecoin
At the time of writing, the price of Dogecoin was $0.002904. This means that it is down by 3.38% against the USD and down by 1.59% against the price of BTC. The trading volume over a 24 hour period is $56,255,428 and the market capitalization is $347,354,070. It has lost the support at $0.0030 and may fall even lower near-term. The market capitalization is down by 3% within the last 24 hours just like the price. Near-term, Dogecoin will most likely break through the resistance at $0.0030 again. The current downside price action is only as a result of the general sentiment in the market. Bitcoin is correcting lower against the USD and dragging every altcoin with it. Before the end of the week, the price action of Bitcoin may change. If it does, Dogecoin and others will become bullish as well.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news today? Does Dogecoin have what it takes to hit $1 before the end of the year? Share your thoughts in the comment section below.