Price Analysis

Dogecoin (DOGE) Price Analysis: Dogecoin Got Appreciation from McAfee; Value to Reach $0.01

The Coinbase wallet has recently supported dogecoin (DOGE). But the whole Dogecoin community got shocked when they knew that the team behind Dogecoin were not expecting the addition. Ross Nicoll, one of the lead developers, said, “Coinbase wallet adding Dogecoin was a surprise to me, certainly.  One of the fun parts of working in a decentralized project is sometimes others just grab a task and run with it, though, so I can’t swear no one external was involved.” In addition to this, John McAfee has showed renewed confidence in Dogecoin over a tweet and bashed market leaders like Bitcoin and Ethereum. We predict a bullish medium-term trend for Dogecoin. The value of each coin can reach 0.01 USD by the end of this year. We should now analyze the current figures of the coin to understand the pattern clearly.

Dogecoin Price Statistics at a Glance:-

Dogecoin Price Chart

Dogecoin Price Graph

  • Dogecoin (DOGE) is the 28th largest crypto coin in the global market.
  • The ROI stands at 454.98%.
  • A total of 119,531,218,258 DOGE coins are in current circulations.
  • The current market cap as on 17th May at 01:24 UTC stands at 371,297,883 USD.
  • The value of each Dogecoin stands at 0.003106 USD and 0.00000040 BTC.
  • The current 24h volume at the same UTC stands at 64,492,236 USD.

Comparison-

Dogecoin (DOGE) has been performing with a stable pace throughout the year until now. But a major growth can be seen in consonance with the global market at the onset of 1st April. The market boom pushed the coin from 0.0020 USD to 0.0033 USD in 5 days. The market cap on 17th April was 338,740,114 USD. And the value of each coin was 0.002844 USD. The current market cap, as well as the value of each coin in USD, is respectively 9.61% and 9.21% more than the figures for last month.

Dogecoin Price Prediction-

The recent price level is roaming around 0.0031 USD. We predict the value to increase anytime soon. The next resistance will be there at 0.0040 USD and 0.0045 USD. By the end of 2019, the value of each Dogecoin should rest at 0.01 USD. But the path is going to be full of price variations.

Conclusion-

Buying fresh Dogecoins is advised now looking at the low price level. Holding the coins at least until the 1st quarter of 2020 will give a huge dividend.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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