Dogecoin is actually one of only a few coins that seem to have started falling right since the onset of this year. The lowest position of the price of Dogecoin as of February 6 this year was when the coin reached $0.00184280. However, by March-end, the price of Dogecoin made a huge strength. The price of Dogecoin reached its highest level for this year when it got to $0.00372597. At the time it gained 79.25% in only five days. DOGE price headed to this year high after it hit $0.003485 and its market capitalization crossed $375 million.
Apart from the April market boom, there has never being a time that Dogecoin’s market capitalization crossed $375 million. It was like Dogecoin had a slow start and was never going to make enough progress.
The April market boom that was spearheaded by market leader Bitcoin has pushed the market capitalization of Dogecoin above $375 million to $473 million. Recently, when the price of Dogecoin has gone over the correction phase, the value of the coin has touched $350 million in market capitalization. This is an indication of what the future course of the price of Dogecoin will be.
Dogecoin News Today
Dogecoin, the favorite digital asset in Elon Musk’s view, has so far made good progress in the crypto market particularly in the last few months. It is no secret that the coin has performed well as it was given a B rating by FCAS metric recently. This rating shows that the coin’s mark credibility has improved. This rating could help boost the confidence of all new investors in Dogecoin. Reports have it that a recent incident relating to Dogecoin has led experts to respect its market capitalization. Recently, though, the coin experienced some difficulties as its value dropped.
Dogecoin Price Prediction 2019
Dogecoin (DOGE) Price Today – DOGE / USD
As mentioned above, it is predicted that the price of Dogecoin will have a bullish future. By the end of this year, the price of Dogecoin should easily rise up to around $0.5 to $0.7. The total market cap of the coin can easily move past the highest point from this year, which is $473 million. The prediction for the coin’s market cap goes over $700 million.
Investors wondered “will Dogecoin ever go up.” Now things are looking up and Dogecoin price prediction 2019. How high can it go?
There is no better time to acquire Dogecoin than this period considering the growth projection of the coin. The price of Dogecoin will give huge profits for long term holding. However, investors are advised to be cautious due to market volatility as prices may change suddenly.
Doge News Today – DOGE is the fastest growing coins based on usability
The journey of Dogecoin has been quite spectacular, and it has garnered praise from all sections of the industry and outside. There’s a long list of people who fall in love with Dogecoin, which includes high-profile names like Elon Musk and John McAfee. The former has been quite vocal about his love for Dogecoin, which has furthered the fame of the token.
John McAfee, the famous, computer scientist, and creator of the McAfee anti-virus software has also been quite impressed with Dogecoin. He recently tweeted that Dogecoin is one of the fastest growing coins based on usability.
Doge started life as joke/prank coin. The coin now has a market cap of $360 mil. The crypto market is, in no way, related to the stock market. Inherent value is, ultimately, based on usage. Doge is one of the fastest growing coins based on use. Go figure.https://t.co/dKiY32rDq1
— John McAfee (@officialmcafee) May 27, 2019
According to the latest DOGE news on cryptonewsz; McAfee has been a strong supporter of cryptocurrencies at large. He has consistently maintained that the bulls will come back roaring, and all that was lost in the winter of 2018, will be recovered very soon. When asked about the market swings, McAfee said that for every dollar lost during the bears, will be compensated by $10-$20 during the bulls.