Is Dogecoin dead? Well, Dogecoin isn’t dead. Ever since it was created many people have been expecting it to die. Since Dogecoin was able to survive the cryptocurrency winter, it’s unlikely that it’s going to die now. Will Dogecoin ever go up? There is a high chance that the price of Dogecoin will go up when the market conditions improve. However, the cryptocurrency space is still unpredictable so it’s difficult to determine what will happen in the next few trading sessions.
The price of Dogecoin needs to find strong support to prevent more losses against the USD. For several weeks, the $0.0030 level acted as support. However, Dogecoin lost this support a few days ago and has been unable to reclaim it since then. The buying support for Dogecoin is still strong as it is still in the B category after scoring 701 points in FCAS rating of best cryptocurrencies. This is a system that rates cryptocurrencies based on several variables including user activity, market maturity, and developer activity. Right now, it’s not clear how long this buy support will remain solid. If things don’t improve soon, investors will start losing faith in Dogecoin.
Right now, it’s difficult to determine why the price of Dogecoin doesn’t have solid support. However, if the Dogecoin development team can work on upgrading the network to make it more than just a tipping token, there is a high chance that the price of Dogecoin will skyrocket.
For now, most of the investors in the Dogecoin community only invest in it for short-term returns due to its high volatility. They aren’t taking long positions because they are still not sure if Dogecoin will survive the test of time. If there are more use cases for Dogecoin, the price action will improve. Near-term, the only things that can save Dogecoin are; a surge in the price of Bitcoin, the endorsement from another reputable person in the cryptocurrency space, improvement in the altcoin market. These are some of the factors that will help Dogecoin near-term.
Dogecoin Price Prediction 2019
Dogecoin (DOGE) Price Today – DOGE / USD
At the time of writing, the price of Dogecoin was $0.002977. Within the last 30 days, the price of Dogecoin is up by over 17% against the USD. There is still hope that the price of Dogecoin will increase this year.
Dogecoin Price Prediction 2019 – Dogecoin News Today
The price action of Dogecoin is worse than it was yesterday because the entire market is recovering but Dogecoin is still struggling. The Dogecoin trading volume is significantly low and extremely inflated. This means that the price fluctuations will continue long-term.
Considering the trend from the past 5 days, when the value on 20th May time was 0.00307291. But, when we compare the same with the current trading price, the fall is approximately that of 99%. Well, the statement is enough for traders to get concerned about the value of the coin they have invested in.
According to the latest Dogecoin price analysis on cryptonewsz; since the new investment and development plan is not realized on the trending chart, it is not a good sign to work upon. Dogecoin was famous as a joke coin which was not supposed to last long enough. And thus, the time is high when it might be the moment to say goodbye to all the memes and jokes around Dogecoin.
However, many people are quoting that Dogecoin is going to die soon, but there have been little engagements which were realized on their official site. Nonetheless, Dogecoin is listed with major sharks and exchanges all around, which means it is not going to die anytime soon. All you have to do is keep gawking at the trend all the time!