Dogecoin is one of the few digital currencies that have experienced steady growth so far this year. The price of Dogecoin has been on a steady trend before the massive spike early this month, according to data from coinmarketcap.com.
The massive price surge earlier this month saw the price of dogecoin increase by more than 100 percent. However, the digital currency is now below that level and it is now hovering around the $0.0027 level. Dogecoin is currently supported at the $0.00265 level.
Dogecoin Price Forecast – Will Dogecoin Hit $1?
Dogecoin USD Live Price Today
According to some analysts, the price of Dogecoin (DOGE) might plunge to the $0.002 level before it records another massive price surge. However, the short-term Dogecoin price prediction is $0.0045 or $0.0055 by the end of this quarter. While many digital asset investors are hoping for a Dogecoin price prediction 2019 of $1 by the end of this year, some analysts believe the coin will end the year around the $0.009 level.
Dogecoin was trading at around $0.00205 before the massive increase. Dogecoin USD live price is now below the new yearly high of the coin, but it is still in a positive zone. Will Dogecoin ever go up? What is Dogecoin price prediction 2019? Will Dogecoin hit $1? These and more are some of the questions the Dogecoin community is asking on a daily basis.
If you look at the price trend of Dogecoin over the past month, you will see that it has proven itself as one of the best cryptocurrency to invest in this year. Prior to the 1st of April, the price of Dogecoin has been on a slow and steady trend. However, after the massive crypto bull run on April 1st, the price of Dogecoin skyrocketed. The price of Dogecoin surged significantly higher and tested a new yearly of $0.0039 in a space of four days.
Dogecoin News Today: Jackson Palmer and Social Media Disappear
The latest Dogecoin news on Smartereum that is trending on Twitter is related to the recent action of Dogecoin creator Jackson Palmer. The recent action of Palmer on his social handles has got many people talking. According to reports, Palmer just made his Twitter account private. That’s not all, he also reportedly removed videos alongside other content from his YouTube channel. There was no tangible reason why the creator of Dogecoin did such a thing. Is his action bullish or bearish? Will it affect the price of Dogecoin? Can Dogecoin hit $1 still? Will Dogecoin ever go up again?
Palmer just came to the limelight to give the reason behind his recent social media action. Palmer said he did what he did because other users have started impersonating him for despicable activities. So the creator of Dogecoin has decided to move in another direction in order to minimize or completely eradicate the issue of impersonation. Many users are still reacting to the action of Jackson Palmer on Twitter, and many are wondering if this would have an impact on the price of Dogecoin.
Will Dogecoin ever go up? Dogecoin recent price trend has shown that the digital currency has the potentials to recover significantly. The bullish Dogecoin price prediction 2019 and Dogecoin news today are acting as bulls for the coin. If these trends continue, the price of Dogecoin will likely test new highs in the short-term.
Dogecoin (DOGE) Price Analysis: Will Doge Decline Further before Rising to its Previous High?
According to the latest Dogecoin analysis on cryptonewsz; the coin’s value has got into instability since the last week. We predict the value should go down further. It may reach as low as 0.0020 USD in the coming two weeks. But this degradation will not be there for a longer time. With resistance at 0.0035 USD, the coin will move forward soon. By the end of this quarter, Dogecoin (DOGE) should be at 0.0045 USD to 0.0055 USD. By the end of 2019, it should be somewhere at 0.009 USD.
Dogecoin (DOGE) Price Prediction 2019
According to the DOGE prediction on beincrypto; the highest recorded price ever reached by Dogecoin—on HitBTC was $0.018288 on Jan 8, 2018. It is, however, quite rare for DOGE to exceed $0.01.
Such a low price per coin might seem to correlate with a poor exchange-value. After all, Bitcoin just broke $5000 while many other cryptocurrencies are trading well above $0.01.
On Aug 17, 2018, 1470 days after the $0.00007 low, the price opened at $0.0022. Measuring from the low, this is a 3049% rate of increase.
Therefore by applying the 10 ratios for price movement, we will use a 300% increase from the $0.00193 low on Dec 7, 2019. This gives us a price of around $0.0077 on Dec 31, 2019.
However, before this date is reached, the price should make an all-time high of $0.055 on Sep 9, 2019.
Dogecoin (DOGE) Price Prediction 2020
Using the time and price ratios respectively, we get a price of $0.0064 on Jan 22, 2020. If the price follows the pattern laid out, this should be the final low before the price creates a different trading pattern.
In order to figure out the price at the end of 2020, will use the 4.5 rate of time and the 10 rate of price movement and apply to the date in the 2014 upward move corresponds to Dec 31, 2020.
However, the date corresponds to a future date. Furthermore, it corresponds to a date after the projected pattern has already finished. After the projection is finished, it is likely that the price will not repeat the same movement again.
Therefore, the Jan 22, 2020 final low found in the previous section will be treated as the beginning of the fourth upward move.
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