Dogecoin is a better investment than Bitcoin. Is this a factual statement or is it baseless? Well, according to an article on CCN, this tipping token may triple in value against the flagship cryptocurrency, Bitcoin. What are the odds that Dogecoin will outperform Bitcoin three times over? This Dogecoin price prediction 2019 is difficult to believe considering the fact that the price of Dogecoin has been having issues finding a solid support over the last few days. Per our previous Dogecoin news update, the DOGE price lost the support at $0.0030. This was discouraging considering the fact that the Dogecoin community expected the price to move as high as $0.0050 during the last bull run.
Dogecoin Price Prediction 2019 – Dogecoin News Today – Dogecoin News Update – DOGE/USD – Dogecoin Is Better Than Bitcoin
The Dogecoin project wasn’t taken seriously by many members of the cryptocurrency community because it started out as a joke by a blockchain developer. Many people believed that it would fade off soon after it was launched but it defied the odds by surviving the cryptocurrency winter. Right now Dogecoin is one of the most popular cryptocurrencies in the space and it is slowly making its way to the top 10. According to the post, Dogecoin is going to increase by 185% in the next few months.
You see Dogecoin has been in the oversold region for a long time now. The longer a cryptocurrency stays in the oversold region, the more significant the burst will be when the bulls finally take control of the market. The sellers will get tired of selling and the buyers will take full advance of the low price and buy the dip. When the demand for Dogecoin suddenly rises and there is no corresponding rise in supply, the price is going to skyrocket.
On the 13th of May, the price of Dogecoin bounced off the 35 satoshis level after staying in the oversold region for a while. While the surge was impressive, it didn’t last for long because short-term traders started taking profits. Soon, the price of Dogecoin will surge above the 100 satoshis level outperforming BTC and other cryptocurrencies.
Dogecoin Price Prediction 2019 – Dogecoin News Today – Current Price Of Dogecoin
At the time of writing, the price of Dogecoin was $0.002977. This means that it is down by 0.60% against the USD and down by 0.22% against the price of BTC. The trading volume over a 24 hour period is $58,459,091 and the market capitalization is $356,191,690. Considering the current price action and the history of Dogecoin, the price of the token is bullish mid and long-term. This is despite the fact that the short-term trend is bearish. This makes Dogecoin a better bet than Bitcoin for short-term profits. Long-term, there is no doubt that Bitcoin is better than Dogecoin whether it is as a store of value or a medium of exchange. Temporary price surges don’t make it better in reality.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news update today? Will Dogecoin ever go? Is Dogecoin better than Bitcoin? Share your thoughts in the comment section below.