Dogecoin price prediction 2019

FCAS rating awards the cryptocurrencies ratings on the range of 0 to

The Dogecoin DOGE was launched in December by two software engineers Jackson Palmer and Billy Markus , who created the payment system as a sarcastic meme coin a type of cryptocurrency that originated from an online meme or viral image. The logo for this coin is the image of the Shiba Inu dog an ancient Japanese breed of dog, which became popular in as a meme. Although the cryptocurrency started as a means to poke fun at the wild speculations in cryptocurrencies, it is an open-source peer-to-peer digital currency based on the Scrpyt algorithm. The Scrypt algorithm allows for an easier transaction process and quick confirmation of the transaction as compared to the conventional blockchain technology. Dogecoin's trading volume momentarily eclipsed that of Bitcoin and all other cryptocurrencies combined in January Dogecoin has benefited from the endorsement by other celebrities , but the commercial adoption for business transactions remains unpopular.

Dogecoin price prediction 2019

Even though Dogecoin has obtained a place among the highest-ranked cryptocurrencies , there is still an ongoing debate regarding whether this meme coin represents a legitimate cryptocurrency or just a witty way of jibing at the power brokers of this world, like the over-leveraged hedge funds from Wall Street. To many, Dogecoin was an amusing instrument for funding the initiatives that they deemed eccentric and funny. Back then, Dogecoin was the embodiment of a subculture that took everything with a grain of humor and opposed itself to the "boring" Bitcoin proponents. However, a lot has changed in seven years: the original team of developers had left the project, only to resurface when the price of DOGE was skyrocketing to whinge about selling all holdings for a price of a used car; the initial community had dissolved and got replaced by tiktokers, profiteers who were ceaselessly shilling for this coin across all social media platforms to the point annoyance. And that network really needs a lot of work to be put into because the last update there dates back to November , when the team had introduced the Dogecoin Core v. Right now, there is basically only one legitimate use case for DOGE, with it being nothing more than a relatively effective medium of exchange. Even now, with its rather buggy system, the transactions in the DOGE network are far cheaper and faster than those executed on the Bitcoin network. Unlike the overwhelming majority of other altcoins, DOGE managed to stay above both period and period moving averages, which is considered a sign of strength even in these dire circumstances. However, we also see that the MACD indicator is turning bearish as the MACD line has already crossed the signal one to the downside and posted the first red histogram in months. And although we, and other serious investors, usually frown upon such an approach to wealth acquisition, the reality dictates its own rules. First of all, the investor has to consider tokenomics, the subject that we have already touched upon. And even after the recent collapse, the capitalization of DOGE remains larger than that of far more technologically advanced cryptocurrencies, such as XRP XRP with its payment system that is being adopted by many banks, Polkadot DOT that offers a unique blockchain interoperability solution, and Uniswap UNI which is one of the leaders of the entire decentralized finance DeFi sector. Compare that to the inflation rate of Bitcoin that currently stands at 1.

Moreover, a deeper analysis revealed that DOGE is actually a considerably centralized cryptocurrency in terms of the distribution of coins, not its technical build. The next resistance will be there at 0.

Additional Information. Monthly figures are as of the end of that particular month; Opening price; The figures shown here are in U. Skip to main content. The price of the cryptocurrency based on the famous internet meme broke its price decline in early November - as people started buying the coin after FTX's collapse. This rally only lasted for a few days, however, as a Dogecoin was worth roughly 0. This is a different development than in - when the crypto became very popular in a short amount of time.

This article may provide some information on the topic of investing in Dogecoin , but it does not constitute investment advice. It is essential that you take the time to thoroughly evaluate all of your options and do your own research before making any investment decisions. That way, you can maximize the chances of earning a profit from your investments and minimize the likelihood of suffering losses. For the last 7 days, DOGE has been in a good upward trend, thus increasing by 3. Dogecoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest. During the last month, the price of DOGE has increased by This sudden growth means that the coin can become a solid asset now if it continues to grow.

Dogecoin price prediction 2019

Dogecoin Price Prediction. Check out other opinions on price targets and project confidence levels — known as a Consensus Rating — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion. Ready to buy DOGE? Here are the buying guides for all available tokens on Binance. Enter your price growth prediction. Binance does not contribute to or influence any of the price predictions on this page. Visualize your price target on a graph with the Price Prediction Graph tool below. Please note that you can enter a negative or positive growth percentage. Technical Analysis Technical analysis is a useful tool for predicting trends on a chart.

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Subscribe to our mailing list to get the new updates! Even now, with its rather buggy system, the transactions in the DOGE network are far cheaper and faster than those executed on the Bitcoin network. Profit from the additional features of your individual account. Log in. Themes View all Themes. Full Cryptocurrency Rating. If you are an admin, please authenticate by logging in again. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. Reprint of the materials is available only with the permission of the editorial staff. Once the miners move their business wherever the electricity prices are lower, and the crypto regulations are more relaxed, and this whole ordeal with China will blow over, we would definitely see more episodes of bullish action. And although we, and other serious investors, usually frown upon such an approach to wealth acquisition, the reality dictates its own rules. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Premium Statistic Ownership of Bitcoin or similar digital currency in the Benelux region Premium Statistic Familiarity in Luxembourg with cryptocurrency in Premium Statistic Frequency of alternative currency transactions in the Netherlands in Premium Statistic Familiarity in the Netherlands with alternative digital currencies in Basic Statistic Number of Bitcoin ATM installations in Belgium and the Netherlands in , by city Premium Statistic Cryptocurrency ownership in Luxembourg in , by type Premium Statistic Cryptocurrency ownership in the Netherlands in , by type Premium Statistic Cryptocurrency ownership in the Netherlands in , by gender. Elon Musk, however, had recognized the danger of this type of centralization in his tweets from February 14 - 15, where he promised Dogecoin its full support if major DOGE holders void their accounts.

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Supplementary notes. Log in. Enter your Email address. Premium Statistic Bitcoin trading volume in the Netherlands , by province Premium Statistic Household investing in cryptocurrency share in Netherlands , by start date Premium Statistic Consumer investing in cryptocurrencies in Luxembourg , by investment size Premium Statistic Leading cryptocurrency exchanges in the Netherlands in Premium Statistic Leading cryptocurrency exchanges in the Netherlands in , by age group Premium Statistic Leading cryptocurrency exchanges in the Netherlands in , by gender Premium Statistic Cryptocurrency wallets used in the Netherlands in , by type Premium Statistic Leading storage solutions for cryptocurrency in the Netherlands It is a good time to buy new Dogecoins if the plan is to hold them for a long-term. Dogecoin Bubble May Burst Soon. Dogecoin has benefited from the endorsement by other celebrities , but the commercial adoption for business transactions remains unpopular. Back then, Dogecoin was the embodiment of a subculture that took everything with a grain of humor and opposed itself to the "boring" Bitcoin proponents. To access this feature you need a Statista Account. As mentioned earlier, currently, each Dogecoin is being traded around 0. Then you can access your favorite statistics via the star in the header.