Will Dogecoin Ever Go Up? Dogecoin’s Inflation Problem Persists Leaving Investors Concerned About The Future Of The Project

Will Dogecoin ever go up? Will Dogecoin rise again? Why is the price of Dogecoin falling? These are some of the questions Dogecoin bag holders have been asking for some days now. This is because Dogecoin has been struggling to find strong support for some days now and if Elon Musk Dogecoin doesn’t recover soon, there will be a massive sell-off that may eventually lead to the death of this meme coin. The main reason why the price of Dogecoin is struggling is that it is heavily inflated. In fact, it is one of the most inflated altcoins in the space. Will Dogecoin rise again? Will Dogecoin go up? These are what we would consider in our Dogecoin news update today.

Dogecoin Price Prediction 2019: Dogecoin News Update – Dogecoin News Today – DOGE Price – Is Dogecoin Dead? Will Dogecoin Ever Go Up?

The price of Dogecoin isn’t firmly supported by the USD. Even when other altcoins were recording gains, Dogecoin could not find a strong support. The price has been getting weaker and weaker. Right now, Dogecoin is in the oversold territory. This isn’t necessarily a bad thing. According to the Dogecoin latest update on CCN, being in the oversold territory means that the price a breakout is on the way. The longer Dogecoin remains oversold, the more significant the price surge will be when it finally happens. In fact, the price of Dogecoin may record triple digit gains before the end of the year outperforming Bitcoin and other altcoins.

Bitcoin (BTC) Price Today – BTC / USD

Name Price
bitcoin
Bitcoin
$10,089.87-6.58%

It is important to note that this upcoming price surge is just a theory. There is no guarantee that buyers will want to buy the dip. This is especially so because the Dogecoin team isn’t working on any significant improvement that will upgrade the network or increase the use cases. If an upgrade was in the pipeline, a price surge would have been almost 100% certain.

In the beginning of the year, the price of Dogecoin was $0.00242928. Compared to the current price, it is up by 22%. However, it is important to note that the price of Dogecoin moved significantly in the first week of April following the Elon Musk Dogecoin hype. Shortly after that, it started losing its gains against the USD and has been unable to recover since then.

Dogecoin Price Prediction 2019: Dogecoin News Update – Dogecoin News Today – DOGE/USD – Current Price Of Dogecoin

At the time of writing, the price of Dogecoin was $0.002948. This means that it is down by 1.30% against the USD and up by 0.25% against the price of BTC. The trading volume over a 24 hour period is $58,747,381 and the market capitalization is $352,702,152. It has been struggling to cross the support turned resistance at $0.0030 since it lost it. For now, it’s difficult to say how long the price will continue trading sideways.

Is Dogecoin dead? The answer is no. Dogecoin is not dead. Well, at least not yet. Will Dogecoin rise again? There is a high chance that the price of Dogecoin will rise again but nothing is certain yet. All we can do is wait and see.

What do you think about the Dogecoin price prediction 2019 in our Dogecoin latest update today? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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