Dogecoin has built a solid community of true believers who are convinced of the future of the project. If there is anything that builds a cryptocurrency or blockchain project, it’s a strong community. The community promotes the project and everyone wants to know about it. Another thing that has kept the Dogecoin price prediction 2019 bullish is the charitable work by the team behind the project.
Over the last one month, the price of Dogecoin has gone from bullish to bearish but it has maintained an ascending trendline. Still the 29th cryptocurrency on CoinMarketCap, Dogecoin price is down by 31% over a 45-day period. This is mainly because most of the gains from last month were due to the Elon Musk Dogecoin hype and the effects cooled off shortly after. In the first week of April, the price of Dogecoin moved as high as $0.0039. Right now, it is way below this level.
The all-time high of Dogecoin is about $0.0187 and it reached this level on the 7th of January 2018. Until March, Dogecoin traded in the $0.0023 and $0.0020 range. We all know what happened in April. The price of Dogecoin has been able to maintain its ascending trendline even if or took several minor dips along the way. According to a Dogecoin price prediction 2019 on CryptoNewz, the price of Dogecoin will most likely hit $0.009 this year. By the year 2020, if the positive fundamentals continue, Dogecoin price will move as high as $0.001.
Dogecoin Price Prediction 2019 – How High Will Dogecoin Go?
Dogecoin (DOGE) Price Today – DOGE / USD
Why is Dogecoin going up? This is one question that has been trending in the cryptocurrency space since April when the Elon Musk Dogecoin hype became viral on Twitter. While the Dogecoin project has a solid proposition, Elon Musk helped increase its visibility when he jokingly became the CEO of Dogecoin.
The price of the cryptocurrency increased by more than 80% within four days after that incidence. While it has shed off a significant portion of the gains, the Dogecoin price prediction 2019 is still bullish.
There was resistance at $0.0028 but the price of Dogecoin has successfully broken this resistance. It is important to keep in mind that anything is possible in the cryptocurrency space. So, even if the price of Dogecoin has been predicted to move to the $0.009 level by the end of this year, there is a strong chance that it may surpass this level. There is also a small chance that it may not sell as high as $0.0090. Buy Dogecoin in portions when it takes dips and waits for the price of increase before you take your profit.
Dogecoin News Today – Dogecoin On The CoinbaseWallet
According to the latest Dogecoin news on blockmanity, Coinbase announced the support for Dogecoin on the Coinbase wallet on 1st May 2019. The announcement was a shock to everyone in the cryptocurrency community. But it was even more shocking to the developers of Dogecoin, who had no idea that Coinbase was going to add Dogecoin support.
Dogecoin’s core team had tried the listing of Dogecoin on Coinbase in the past but to no avail. In October 2018, Dogecoin’s creator Jackson Palmer publicly stated that,
“Coinbase listing is nearly impossible, due to the legal documents they require”.
Ross Nicoll one of the lead developer working on Dogecoin core, said,
“Coinbase wallet adding Dogecoin was a surprise to me, certainly. One of the fun parts of working in a decentralized project is sometimes others just grab a task and run with it, though, so I can’t swear no one external was involved.”
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