Dogecoin Outperforms Bitcoin By 5% As Altcoin Season Continues And John McAfee Gives The Joke Coin A Thumbs Up

Dogecoin News Today – Dogecoin’s rise to the spotlight has been encouraging to the members of the cryptocurrency community. The Elon Musk Dogecoin, as it is now commonly called, has gotten the attention of many public figures within and outside the cryptocurrency space. Per our previous Dogecoin news update, the Dogecoin price prediction 2019 is bullish because of these subtle endorsements and the promotional efforts by the Dogecoin development team. You see the Dogecoin project started as a joke by a blockchain developer but it has a practical application that has made it one of the most important cryptocurrencies in the space. In our Dogecoin news today, we are going to talk about a comment John McAfee made about the cryptocurrency industry using Dogecoin as a reference. We will also talk about the Dogecoin price prediction 2019.

Dogecoin Price Prediction 2019: Dogecoin News Today – Dogecoin Price Projections – Elon Musk Dogecoin Price Analysis – Cryptocurrency Is Independent Of The Stock Market

John McAfee is one of the most vocal people in the technology industry who has interest in cryptocurrencies. He is also among the long list of public figures who love Dogecoin. Taking to Twitter, he said that Dogecoin is growing fast because of its usability. Many people have said that the stock market affects the cryptocurrency market. However, McAfee insists that there is no relationship between both markets citing usability as the drive for cryptocurrencies. In his words;

“Doge started life as joke/prank coin. The coin now has a market cap of $360 mil. The crypto market is, in no way, related to the stock market. Inherent value is, ultimately, based on usage. Doge is one of the fastest growing coins based on use.”

Bitcoin (BTC) Price Today – BTC / USD

NamePrice24H %
bitcoin
Bitcoin(BTC)
$13,025.56
-0.51%

With the rate at which Dogecoin is gaining supporters, there is a high chance that it would become the world’s favorite cryptocurrency in 2020. According to an article of Coindoo, Dogecoin has what it takes to become the favorite cryptocurrency in the space thanks to its ever growing popularity. If McAfee, a large market capitalization crypto bull, can become a fan of Dogecoin, there is no telling how popular the token will become. During the cryptocurrency winter last year, McAfee was among the few people who said that the bulls will come back. In fact, he said that for every dollar investors lose, they will gain $10 to $20 when the bulls return.

Dogecoin Price Prediction 2019 – Dogecoin News Update – Dogecoin News Today – Current Price Of Dogecoin – Dogecoin Outperforms Bitcoin

At the time of writing, the price of Dogecoin was $0.003220. It is up by 0.22% against the USD and up by 5.67% against the BTC. The trading volume over a 24 hour period is $95,059,145 and the market capitalization is $385,516,463. Altcoin season started a few days ago when the price of Bitcoin faced resistance at $9000 and started stalling since then. The Bitcoin bulls haven’t been able to gather momentum since giving altcoins the perfect opportunity to shine in the market. The next few days of trading will determine if the price action will change.

What do you think about the Elon Dogecoin price prediction 2019 in our Dogecoin news update today? Will the Dogecoin projection remain bullish throughout the year? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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