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  got all of your queries covered!

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.

Today’s Prediction

With the  Market Cap of $233,380,802 USD and a huge circulating supply of 118,612,661,448 DOGE , Dogecoin sells for $0.001968 USD. Dogecoin  is in the 26th 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 in the middle 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 $0.0122, whereas the maximum is in between $0.00936 to  $0.01.

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. 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 $0.04 mark. 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.

What is your prediction on Dogecoin? Share your thoughts in our comments section.

Dogecoin price analysis - Will Dogecoin Be a Good Investment in 2019?
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Dogecoin price analysis - Will Dogecoin Be a Good Investment in 2019?
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