It is no secret that crypto prices surge when the network collaborates with other finance companies or multi-national giants. Many digital assets have benefited from this forum including top dog Bitcoin, XRP, Ethereum and emerging digital assets like Basic Attention Token and Dogecoin. Our focus today will on Dogecoin (DOGE) and Dogecoin price prediction.
It will appear that Dogecoin has learned how to navigate through this initiative in recent weeks. Now, Paytomat, an Estonia based crypto transaction processor, revealed via social media platform Twitter that they would add Dogecoin. Paytomat said it will be listing Dogecoin along with Tezos for transactions on its platform.
Per Paytomat, it is clear that the payment processor now offers support for 18 virtual currencies including, Bitcoin (BTC), Bitcoin Cash (BCH), ZCoin, NEM, EOS, Waves, Ethereum (ETH), Dash, and Litecoin. According to Paytomat, the payment processor is now operating via 80 merchants in no less than 10 countries. Let’s see how the price of Dogecoin has fared in recent weeks.
Dogecoin Price Prediction: Target For the Price of Dogecoin $0.05 – Dogecoin Price Forecast
This recent move by Paytomat will likely give the price of Dogecoin a boost. Hence, experts and crypto enthusiasts are predicting that the price of Dogecoin could reach the $0.05 target by the end of this year. Currently, Dogecoin sits at number 30 among the top cryptos by market cap according to CoinMarketCap with an ROI of 432.68%.
Dogecoin reportedly has a total circulating supply of 119,656,493,789 DOGE with a total market capitalization of $357,563,552. The price of Dogecoin stands at $0.00296685 and 0.00000037 BTC against the USD and BTC. It currently has a 24-hour trade volume of $62,064,728. It is fair to state that the price of Dogecoin could reach the $0.5 target in the coming weeks.
Dogecoin Price Prediction: Comparing The Price of Dogecoin From 30 Days Earlier to the Present Levels
The price of Dogecoin has performed well in the last 5 months. This has seen the coin gain well in the said duration. The price of Dogecoin started the year at a low point. It reached its lowest position at $0.0018 on February 6. However, as of the end of March, the price of Dogecoin started to show strength. The following 5 days saw the coin gain 78.46% before reaching its highest point at $0.0016. The market cap of Dogecoin as of April 6 was $295,142,381, and the price of Dogecoin was $0.00258606. The coin’s current market cap and price are 21.14% and 14.72% over what it was last month.
Dogecoin Price Prediction – The Price of Dogecoin is Bullish in the Short and Medium-term – Dogecoin Price Forecast
As mentioned above, the price of Dogecoin will have a short-term and medium-term bullish outlook. Going by the previous Dogecoin price prediction, the coming resistance point should be near $0.005 and $0.01. Hence, by year end, the price of Dogecoin could be trading at $0.05. The coin will have a number of unprecedented ups and downs due to market volatility.
Experts and analysts alike predict that this is the best time to invest in Dogecoin. With the current rates, which are fair, Doge will offer enough value if long-term holding is implemented. This will be very profitable for the medium term and short term investors.