DOGE Will Finally Reach the $0.05 Target After DOGE Launch on Paytomat

It seems that Dogecoin has learned how to survive in the crypto market. Now, Paytomat, an Estonia based crypto transaction processor, revealed via social media platform Twitter that they would add Dogecoin. Paytomat said it will be listing Dogecoin along with Tezos for transactions on its platform.

According to the Paytomat, it is clear that the payment processor now offers support for 18 virtual currencies including, Bitcoin (BTC), Bitcoin Cash (BCH), ZCoin, NEM, EOS, Waves, Ethereum (ETH), Dash, and Litecoin. The payment processor is now operating via 80 merchants in no less than 10 countries. Let’s see how the price of Dogecoin has fared in recent weeks.

This recent move by Paytomat will likely give the price of Dogecoin a boost. Hence, experts and crypto enthusiasts are predicting that the price of Dogecoin could reach the $0.05 target by the end of this year.

Dogecoin Price Prediction

The price of Dogecoin will have a short-term and medium-term bullish outlook. Going by the previous Dogecoin price prediction, the coming resistance point should be near $0.005 and $0.01. Hence, by year end, the price of Dogecoin could be trading at $0.05. The coin will have a number of unprecedented ups and downs due to market volatility.

Dogecoin (DOGE) Price Today – DOGE / USD

Name Price24H (%)
Dogecoin (DOGE)
$0.002380
-5.89%

The price of Dogecoin has performed well in the last 5 months. This has seen the coin gain well in the said duration. The price of Dogecoin started the year at a low point. It reached its lowest position at $0.0018 on February 6. However, as of the end of March, the price of Dogecoin started to show strength. The following 5 days saw the coin gain 78.46% before reaching its highest point at $0.0016.

Dogecoin News Today – Dogecoin Price Analysis

Experts and analysts alike predict that this is the best time to invest in Dogecoin. With the current rates, which are fair, Doge will offer enough value if long-term holding is implemented. This will be very profitable for the medium term and short term investors.

The thing is that the bull run is not over, DOGE is still doing well against the USD (with the unavoidable fluctuations), and before the bulls give way to the bears this time, According to the smartereum; it’s expected for Dogecoin to reach the USD 0,005 level. That, of course, would be the ideal time to cash your profits out, should you have the opportunity.

The important thing for any DOGE holder (or any investor in any market, for that matter) is to have a plan and follow it with the utmost discipline. That’s the tricky part. It’s probably a lot more difficult for excited investors to remain calm and exert restraint than for Dogecoin to get over USD 0,005.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.