As the price of cryptocurrencies rallied, Dogecoin recorded gains against the USD rising above the resistance at $0.0031. The surge in the price of Dogecoin wasn’t surprising as the cryptocurrency has proven itself a worthy project in the space.
On the first day of April, the Dogecoin community dragged Elon Musk into a April fools joke in which he became the new CEO of Dogecoin. Right after he claimed it, the price of Dogecoin went to the moon. Even if DOGE has lost some of its April gains, the Elon Musk Dogecoin hype allowed the project to get extra visibility.
Dogecoin News Today – Dogecoin got endorsed by Jon McAfee
As if that wasn’t enough, Dogecoin recently got endorsed by Jon McAfee, a leading member of the cryptocurrency community who is also known for his $1,000,000 BTC price prediction. Taking to Twitter, McAfee said that he was wary of cryptocurrencies with two syllabus. While he noted that his words are not trading advice, the Dogecoin community was happy because he referred to DOGE as adorable. In his words;
“Well. Frankly, I prefer one syllable coins and am not fond of Ethereum’s spelling. Additionally, many of my friends who hold Ethereum dress oddly. And, of course, Buterin looks underfed to me. But do not take this as investment advice.”
Another member of the cryptocurrency community quickly reminded McAfee of his bullish Bitcoin sentiment stating that Bitcoin doesn’t have a single syllable. In reply, he said;
“Did I say I liked it? Merely predicting its rise. The name itself connotes “Tiny Coin”. My friends own hearty sounding coins, or adorable coins like “Doge”. I could cop out of course and say “BTC” but then that’s three syllables and would demonstrate my ignorance.”
Dogecoin Price Prediction 2019
Dogecoin (DOGE) Price Today – DOGE / USD
Over the last 30 days, the price of DOGE has stayed within the range of $0.0035 to $0.0024. The major resistance at this time is at $0.0034. If the price of Dogecoin is able to cross this resistance in the next few days, there will be a more significant surge in price.
In fact, the latest Dogecoin price prediction on CryptoNewz places the price of DOGE at $1 before the end of the year. Will Elon Musk Dogecoin hit $1 before the end of 2019? Before the end of this year, the price of Dogecoin has what it takes to move as high as $0.009 and $1. If it doesn’t hit $1 by the end of 2019, it will hit this level by the first quarter of 2020.
Dogecoin Price Analysis
The cryptocurrency market took a hit yesterday after weeks of trading in green. The price of Bitcoin started falling against the USD. As expected, almost every altcoin followed suit including the price of Dogecoin. According to our Dogecoin latest update, the Dogecoin price prediction 2019 is still bullish irrespective of the current price Dogecoin.
Dogecoin has been ranked as the B category – basic with overall 701 points as of May 5th. By far the strongest metric that contributed to this great score is user activity that got 924 points, followed by market maturity with 644 and developer activity that had only 539 points. This data indicates that Dogecoin is actively used as is right now but the improvements and new developments on the network are not being worked on which is not a good sign.
According to the latest Dogecoin news on captainaltcoin, Dogecoin, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, Dogecoin can hope for one as well. Since that is very unlikely, don’t expect much to change for Dogecoin price-wise in this year. So 2019 will be a year of boring sideways action with minor bitcoin ignited jumps and slumps. All DOGE investors are seeking answers to these questions: Why will Dogecoin succeed? Why will Dogecoin fail? Will Dogecoin ever reach $1?Is Doge dead? We all find the answer very soon.
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