Dogecoin, the favorite digital asset in Elon Musk’s view, has so far made good progress in the crypto market particularly in the last few months. It is no secret that the coin has performed well as it was given a B rating by FCAS metric recently. This rating shows that the coin’s mark credibility has improved. This rating could help boost the confidence of all new investors in Dogecoin. Reports have it that a recent incident relating to Dogecoin has led experts to respect its market capitalization. Recently, though, the coin experienced some difficulties as its value dropped. Investors wondered “will Dogecoin ever go up.” Now things are looking up and Dogecoin price prediction 2019. How high can it go?
Dogecoin Price Prediction 2019: Dogecoin’s Market Capitalization Hasn’t Crossed $375 Million Before Now
Apart from the April market boom, there has never being a time that Dogecoin’s market capitalization crossed $375 million. It was like Dogecoin had a slow start and was never going to make enough progress.
The April market boom that was spearheaded by market leader Bitcoin has pushed the market capitalization of Dogecoin above $375 million to $473 million. Recently, when the price of Dogecoin has gone over the correction phase, the value of the coin has touched $350 million in market capitalization. This is an indication of what the future course of the price of Dogecoin will be.
Hence it is predicted that the price of Dogecoin will reach $0.5 to $0.7 by the end of the year. Let us closely look at Dogecoin’s current figures below.
Dogecoin Price Prediction 2019: Comparing The Price of Dogecoin From 30 Days Earlier to the Present Levels
Dogecoin is actually one of only a few coins that seem to have started falling right since the onset of this year. The lowest position of the price of Dogecoin as of February 6 this year was when the coin reached $0.00184280. However, by March-end, the price of Dogecoin made a huge strength. The price of Dogecoin reached its highest level for this year when it got to $0.00372597. At the time it gained 79.25% in only five days.
The total market capitalization of Dogecoin as of April 29, 2019, was $297,274,764. The price of Dogecoin was $0.00257534 on the said date. Now, there’s a huge difference in the price of Dogecoin and its current market cap as well. As of May 29, the market capitalization of Dogecoin and the price of Dogecoin are 26.30% and 25.42% more than what was attained last month respectively. This shows bullish action and progress for the coin.
As mentioned above, it is predicted that the price of Dogecoin will have a bullish future. By the end of this year, the price of Dogecoin should easily rise up to around $0.5 to $0.7. The total market cap of the coin can easily move past the highest point from this year, which is $473 million. The prediction for the coin’s market cap goes over $700 million.
Will Dogecoin Ever Go Up?
There is no better time to acquire Dogecoin than this period considering the growth projection of the coin. The price of Dogecoin will give huge profits for long term holding. However, investors are advised to be cautious due to market volatility as prices may change suddenly.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.
