Dogecoin (DOGE) Price Analysis: Dogecoin Picks Up Momentum Once Again, Bullish Trend Ahead

In 2013 a Doge meme was released which gave birth to the famous Dogecoin cryptocurrency platform. The blockchain based crypto rewards the users for creating and publishing innovative content on Twitter and Reddit and has gained immense popularity in a very short period. While many investors and crypto enthusiasts have questioned the long terms standing of the coin, Dogecoin continues to amaze and interest the investors through sudden price surges. The community supported crypto may not have cracked the sustenance code yet but has established a firm position in the global alt coins market.

Current Dogecoin Price Statistics:

• Dogecoin is placed at the 27^th position in the top 100 cryptocurrencies list by the CoinMarketCap
• As on May 16, 2019, at 11:24:00 UTC, the market cap of Dogecoin is 394,237,181 USD
• Dogecoin price stands at 0.0032 USD & 0.00000041 BTC
• The 24 h volume has been 72,028,997 USD
• The ROI of Dogecoin value stands at 490.92%
• The circulating supply of the coin is same as the total supply and is recorded as 119,517,363,998 DOGE

Comparison:

In the last 30 days, DOGE price moved between 0.0035 USD & 0.0024 USD. A similar pattern has been maintained in the last 7 days as well. As on April 4, 2019, at 11:34:00 UTC, the market cap of the coin was 461,814,724 USD. The price of DOGE is trading at 0.0038 USD and 0.00000077 BTC, and 24 h volume has been 111,974,445 USD. This shows a downward phase of over -15% in the last 45 days. The first resistance level of Dogecoin price will be at 0.0034 USD in the next few days.

Dogecoin Price Prediction till 2020:

Dogecoin maintained a steady rate of growth with the price of each coin moving between 0.0023 USD & 0.0020 USD till April post which there was a price surge of over 1.5X shooting it up to 0.0036 USD. Dogecoin recorded it all-time high on January 7, 2018, at 0.018 USD. Dogecoin’s Jackson Palmer states that the best is yet to come for Dogecoin and the platform has been going through multiple improvements which will be announced soon. Will these advancements affect the price of DOGE/USD? Is Dogecoin a good investment for the millennials? As per the recent momentum the price can reach up to 0.009 USD by 2019 end and will rise up to 1 USD by 2020.

Conclusion:

Invest in buying DOGE now as the prices are going to go further up in the next two weeks.