InformationPrice Prediction

Will Dogecoin Be a Good Investment in 2019?

Hey there, welcome to my Dogecoin Price Prediction!

Are you currently holding some Dogecoins and want to know what the future holds for the project? Or maybe you’re wondering how high will Dogecoin go in 2020? Either way, I have will cover all of your queries!

Anyway, in this Dogecoin price prediction, I am going to start by briefly explaining what the  Dogecoin actually is, followed by the future of dogecoin.

So, what are you waiting for? Let’s begin with the current price of dogecoin.

Latest Updates

DogeCoin reached Market Capitalization of $317.62 Million

With a slightly bearish DOGE market, Dogecoin has traded 2.1% lower against the US dollar. DogeCoin has reached a total market cap of
$317,615,025 USD .

Binance Listed Dogecoin 

On July 5, the leading cryptocurrency exchange, Binance announced the listing of Dogecoin on its platform. DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC are the trading pairs available on the platform.

Binance.US too added Dogecoin to its list in October 2019.

Dogecoin Added On Coinbase Wallet

Dogecoin is now added to Coinbase Wallet. The wallet app is available on both Android and iOS. Also, it is also tied up with Trippki, which is a hotel booking site. These positive developments are expected to have a short term and medium term bearing on the coin.

Dogecoin is offering a reward of 1 DOGE for each verified account and moreover, they will donate 1000 DOGE to Grateful dog’s rescue.

Dogecoin 1.14 RC 1 has been released.

Trust wallet  supports Dogecoin

Huobi exchange added Dogecoin from April 3. Recently, there has been online voting for CEO, where Elon Musk got the highest number of votes. Further to this, Elon musk responded suddenly.

Today’s Prediction

With the Market Cap of $ 313.52 M and a huge circulating supply of 121,912,128,007 DOGE , Dogecoin sells for $ 0.002550. Dogecoin is in the 29th place in the rating of world cryptocurrencies.

Fundamental analysis

Dogecoin is a peer to peer, digital and decentralized currency that allows you to send money online easily. Dogecoin was created by Billy Markus, Oregon, and Jackson Palmer. It was introduced as a joke, but who knew it would become so significant in the crypto world. It is also used by retailers to receive payments.

Dogecoin  Price Prediction 2019

According to the current price chart, we may assume that by the end of 2019  the dogecoin can again experience the cent sunlight and might reach $0.0147. However, if the tables turn, the lowest expected price in 2019 might be $ 0.0022.

Dogecoin  Price Prediction 2020

Dogecoin is likely to pick up, as people are realizing it’s worth and they are getting over it being a mere crypto joke. Further, The coin might touch the $0.02 mark, where the highest expected price is $0.0294 and the minimum expected price will be $0.0224.

Dogecoin Price Prediction 5 years

Dogecoin is likely to reach a $0.04 mark. In short, It might reach $ 0.05 if it doesn’t come across any hurdles.

Few crypto analysts predicted that if one invests $1000 on DOGE today, then, in 24 hours, the pricing of his investment can be $987, in 7 days, it can be around $994, in 1 month, it can be approx. $777 and in 3 months it can be around $650.

From the optimistic point, DOGE can reach $0.0121 after 5 years from now. According to technical analysts, the coin will definitely experience price fluctuations but, volatility will not impact this coin to a major extent. Hence, the assumption is that for a long term basis, DOGE can be a good investment.

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