In our last Dogecoin news, we mentioned that the price of Dogecoin was fluctuating more than any other altcoin in the top ranks. In our Dogecoin news update today, we are going to address the same issue. Today, the price action of Dogecoin is worse than it was yesterday because the entire market is recovering but Dogecoin is still struggling. The Dogecoin trading volume is significantly low and extremely inflated. This means that the price fluctuations will continue long-term. What does this mean for Dogecoin? Is Dogecoin dead? Will Dogecoin ever go again? What is the Dogecoin price prediction 2019?
Dogecoin Price Prediction 2019: Dogecoin News Today – Dogecoin Price Forecast – Dogecoin Projections – Dogecoin News Update – Will Dogecoin Ever Go Up?
The price of Dogecoin needs to find a strong support to prevent more loses against the USD. For several weeks, the $0.0030 level acted as support. However, Dogecoin lost this support a few days ago and has been unable to reclaim it since then. The buy support for Dogecoin is still strong as it is still in the B category after scoring 701 points in FCAS rating of best cryptocurrencies. This is a system that rates cryptocurrencies based on several variables including user activity, market maturity, and developer activity. Right now, it’s not clear how long this buy support will remain solid. If things don’t improve soon, investors will start losing faith in Dogecoin.
Bitcoin (BTC) Price Today – BTC / USD
Right now, it’s difficult to determine why the price of Dogecoin doesn’t have a solid support. However, if the Dogecoin development team can work on upgrading the network to make it more than just a tipping token, there is a high chance that the price of Dogecoin will skyrocket. For now, most of the investors in the Dogecoin community only invest in it for short-term returns due to its high volatility. They aren’t taking long positions because they are still not sure if Dogecoin will survive the test of time. If there are more use cases for Dogecoin, the price action will improve. Near-term, the only things that can save Dogecoin are; a surge in the price of Bitcoin, endorsement from another reputable person in the cryptocurrency space, improvement in the altcoin market. These are some of the factors that will help Dogecoin near-term.
Is Dogecoin dead? Well, Dogecoin isn’t dead. Ever since it was created many people have been expecting it to die. Since Dogecoin was able to survive the cryptocurrency winter, it’s unlikely that it’s going to die now. Will Dogecoin ever go up? There is a high chance that the price of Dogecoin will go up when the market conditions improve. However, the cryptocurrency space is still unpredictable so it’s difficult to determine what will happen in the next few trading sessions.
Dogecoin Price Prediction 2019 – Dogecoin News Today – Dogecoin News Update – Current Price Of Dogecoin
At the time of writing, the price of Dogecoin was $0.002990. This means that it is up by 3.17% against the USD and down by 1.58% against the price of BTC. The trading volume over a 24 hour period is $60,840,536 and the market capitalization is $357,650,804. Within the last 30 days, the price of Dogecoin is up by over 17% against the USD. There is still hope that the price of Dogecoin will increase this year.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news update. Will the price of Dogecoin increase? Share your thoughts in the comment section below.