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Price Analysis

Dogecoin (DOGE) Price Analysis : Dogecoin to Go Live on Paytomat; Target Price remains at $0.05

  • Paytomat – an Estonia based cryptocurrency payment processor is adding Dogecoin (DOGE) on its list.
  • The 2019 prediction target remains at 0.05 USD.

Cryptocurrencies advance as they make progress with other finance companies and multi-national giants. Dogecoin (DOGE) seems to have learned this now. Recently, Paytomat – an Estonia based cryptocurrency payment processor, announced on Twitter that they would be adding Dogecoin (DOGE) and Tezos on their list. The official tweet can be read here. As per Paytomat, it now supports 18 cryptocurrencies which include, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dash, Litecoin, ZCoin, NEM, EOS, Waves, etc. This payment processor is operating through 80 merchants in 10 countries. This will be a boost for Dogecoin (DOGE). We predict the value of each Dogecoin to reach as high as 0.05 USD by the end of 2019. Let us look at the current status of the coin.

Current DOGE Price Statistics-

Dogecoin price chart

  • Dogecoin (DOGE) is ranked at 30th position in the global crypto market.
  • The ROI (Return on Investment) stands at 432.68%.
  • A total of 119,656,493,789 DOGE coins are in circulation.
  • The market cap as on 26th May at 03:22 UTC stands at 357,563,552 USD.
  • The value of each coin stands at 0.00296685 USD and 0.00000037 BTC.
  • The 24h volume at the same UTC stands at 62,064,728 USD.

DOGE Price Comparison-

Dogecoin (DOGE) has performed a good growth in the last 5 months. It started at a very low point and reached the lowest at 0.0018 USD on 06th February. However, by the end of March, the coin started to show strength. In just 5 days the coin gained 78.46% and reached the highest point of the year at 0.0016 USD. The market cap on 26th April was 295,142,381 USD, and the value of each coin was 0.00258606 USD. The current market cap and the value of each coin are respectively 21.14% and 14.72% more than the data for last month.

DOGE Price Prediction-

As mentioned earlier, the coin will have a bullish short-term and medium-term outlook. As per our prediction, the next resistance point will be there at 0.005 USD and 0.01 USD. By the end of 2019, the coin will be trading around 0.05 USD. The coin will have many unprecedented ups and downs.

Conclusion-

This is the perfect time to become an investor of Dogecoin. Long-term holding will be very profitable.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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