Dogecoin News Update – Dogecoin is one cryptocurrency that has remained resilient irrespective of the fact that it doesn’t have a strong foundation. The cryptocurrency, which is nicknamed the meme coin, came into existence as part of a developers practical joke. Shortly after Dogecoin was created, members of the cryptocurrency community started anticipating its death. They said that since Dogecoin has limited use cases, it would eventually be wiped out of existence. Years have passed and Dogecoin is still standing tall. In our previous Dogecoin news, we talked about the fact that the price of Dogecoin is going to reach higher highs irrespective of the short-term trend. In our Dogecoin news update, we are going to consider the latest Dogecoin price prediction 2019 which places the price of the token above $0.0060.
Dogecoin Price Prediction 2019: Dogecoin News Update – Dogecoin News Today – How High Will Dogecoin Go?
So far, Dogecoin has become one of the most popular cryptocurrencies in the space. Well-known figures like Elon Musk and John McAfee have endorsed Dogecoin. In April, the price of Dogecoin surged by more than 80% within 4 days right after the Elon Musk Dogecoin joke. The CEO of Tesla was jokingly declared the new CEO of Dogecoin. Right after that, the price of the token started to spike maintaining a bull run for four days in a row. This was around the same time that the rest of the cryptocurrency market started trading in green. Unfortunately, the Elon Musk Dogecoin price push has run out of steam and the cryptocurrency is now trading in a sideways pattern as it has been for more than 3 weeks.
Even with the current price action, there is still a high chance that Dogecoin will hit $0.0060 before the end of the year. Over the last five days, the price of Dogecoin has been trading in a range of $0.0028 and $0.0031. Two days ago, it fell from $0.0031 to $0.0029. However, it has recovered from that level since then. In fact, apart from in the first week of April when the price of Dogecoin surged by 80%, it hasn’t really made any significant progress. Last week, during the cryptocurrency market bull run, the price of Dogecoin moved above the $0.00350 level but wasn’t able to maintain its hold for long.
Dogecoin News Update – Dogecoin Price Prediction 2019 – Current Price Of Dogecoin
Since there have been no significant updates on the Dogecoin blockchain that would increase the use cases of the DOGE, the chances of Dogecoin hitting $1 this year are slim. However, if the Bitcoin bull run to $10,000 kicks off and BTC is able to surge above this level, there is a high chance that every cryptocurrency, including Dogecoin, will follow. The price of Dogecoin should be able to rise as high as $0.0060 before the end of the year with assistance from Bitcoin.
At the time of writing, the price of Dogecoin was $0.003031. This means that it is down by 1.56% against the USD and up by 0.59% against Bitcoin. The trading volume over a 24 hour period is $71,753,824 and the market capitalization is $363,337,403. The next few trading sessions will determine if the price action will change.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news today? Will Dogecoin hit $0.0060 per our Dogecoin news update? Share your thoughts in the comment section below.