InformationPrice Prediction

Will Dogecoin Be a Good Investment in 2020?

Hey there, welcome to my Dogecoin Price Prediction 2020!

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 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.

Doge Today’s Price

With the Market Cap of $ 239.70 M and a huge circulating supply of 123,944,042,159 DOGE , Dogecoin sells for $ 0.001933 . Dogecoin is in the 33rd 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.

FunFact about Dogecoin – 

Its most distinct feature, however, is its mascot. The developers of Dogecoin chose a “fun” approach towards its development. 

Dogecoin

The coin got a Shiba-Inu logo and the name “Dogecoin”, reflecting the internet meme “Doge”.

Technical Analysis

The crypto has been in circulation since 2013. It is a great achievement for any altcoin as most of them lose their luster within a short span. 

Dogecoin has enjoyed a low trading in its infancy. As we can see, till, July 2017; the altcoin was changing hands at a low rate. 

July 2017 the value of the coin jumped sharply to $0.003 and continued to grow. At the end of January, Dogecoin reached a historical high of 2 cents its All-time High, and its capitalization exceeded one billion dollars. 

The coin took an interesting turns in January 2018. A couple of less significant peaks happened in July and December. At the start of 2019, the popularity was around the same level as it was in the same period of 2018, which is a major accomplishment in terms of the industry crisis, happening today. 

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.

Doge 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.

Expert Prediction

  • CryptoGround predicted that Dogecoin will reach $0.0032 by 2020 end.
  • The website WalletInvestor.com believes that Dogecoin will cost $0.00376 by 2020.
  • DigitalCoinPrice predicts dogecoin coin price will reach $0.00552 by the end of 2020.

DogeCoin Price prediction 2021

Dogecoin is very popular in the industry. Though it started as a joke coin, it has managed to hold its ground. With the positive trend, DOge might be a good investment idea. Experts predict DOGE Coin to reach Upto $0.00415230 USD by 2021.

DogeCoin Prediction Up to 2025

The technical analysis using the algorithm says that the price of Dogecoin (DOGE) will not decrease or fall or drop in the long term. Moreover, the coin may face turbulence, but the chances of a crash are less likely.

In the coming five years, the DOGE is predicted to reach $0.02 mark as per top industry experts.

Recent Updates

Dogecoin all-set to shutdown IRC tipbot Doger

on March 31, 2020; the IRC tipbot Doger will be shutdown. The update won’t affect the coin price. Users cannot donate to the coin using this bot.

DogeCoin 1.14.2 is released

The team released a new version of DogeCoin Core on the Github.

Dogecoin Added On Coinbase Wallet

Dogecoin is now a part to Coinbase Wallet. The wallet app is available on both Android and iOS. Also, the coin tied up with Trippki, which is a hotel booking site. We expect these positive developments 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.

Our Verdict

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.

What is your prediction on the Doge price? Share your thoughts on our Facebook and Twitter pages.

FAQ

Is Dogecoin secure?

Dogecoin has a history of security lags since its launch.

What Is Dogecoin Worth?

As of today, one dogecoin amounts to $ 0.001933.

How is 2020 for Dogecoin price?

Dogecoin is most likely to go up in 2020 because of its high adoption rate.

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Dogecoin price analysis - Will Dogecoin Be a Good Investment in 2020?
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Dogecoin price analysis - Will Dogecoin Be a Good Investment in 2020?
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we predict future values with technical analysis for wide selection of digital coins like Dogecoin. Check out the detailed Dogecoin price analysis
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