Dogecoin (DOGE) is one of the oldest cryptocurrencies out there. It has been around since 2013, and has its own online community called Dogemoon. It’s a fun, yet serious community, and is filled with enthusiastic (and just a little crazy) users. There are a lot of interesting Dogecoin events, too. From the annual Dogecoin Tip of the Month contest to the first annual Dogecoin World Record, riding a jet ski over a frozen lake, the team behind Dogecoin has some pretty interesting things planned for the future.
Although Dogecoin has seen a lot of gains lately, it’s still not a top coin in the market. But, we think that Dogecoin could experience another bull rally in the upcoming months. With the price of Dogecoin has dropped down to $0.0029, we think that it is time for Dogecoin to face another bull rally.
I got into Dogecoin in mid-2015, when the coin had just risen to $0.01 as a joke, and a year later, it was an $8 billion market cap coin. In early 2017, it had risen to $1, a $2 billion market cap, and a $4 billion market cap shortly after. Since then, it has dropped to $0.02, and is trading at $0.01 today.. Read more about price prediction for dogecoin and let us know what you think.
Posted 6 months ago | 2 minutes to read
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|-The price of Dogecoin is anticipated to rise over $0.125. -DOGE joined the bulls in smashing over the $0.78 resistance level. -In addition, investors must be prepared for significant volatility when establishing a stake in Dogecoin.|
The price of Dogecoin is anticipated to rise over $0.125. Furthermore, DOGE has seen several pumps this month as a result of the manipulation of traders, celebrities, and others.
Another Bull Rally Could Affect Doge Price
DOGE, which is considered as a meme token, is on the verge of hitting new highs. Elon Musk, the CEO of Tesla, has continued to speak about DOGE. Snoop Dogg, the artist, recently tweeted “Snoop Doge,” adding to the suspicion.
DOGE, in particular, is consolidating in a bull pennant after gaining 1,150 percent between January 28 and 29. This technical formation is seen as a continuation pattern, which may result in a big price rise.
At the time of writing, the DOGE price was $0.067, with a 24-hour trading volume of over $9.99 billion, according to CoinGecko.
Chart of the DOGE/USDT Exchange Rate (Source: TradingView)
In the past several days, DOGE/USDT has performed very well. If this trend continues, the cryptocurrency may join the bulls in breaking over the $0.78 resistance level, perhaps leading to a high of $0.125.
On the other hand, if the DOGE price fails to sustain its bullish stance, the coin may break out of its bullish position and fall with the bears to the $0.03 support level. In this scenario, the cryptocurrency must rapidly rebound.
In addition, cryptocurrency markets are prone to fast and abrupt price fluctuations. Investors who want to establish a position in Dogecoin should be aware that the price will fluctuate a lot. Even if the long-term forecast is positive.
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The Dogecoin community has been waiting anxiously for a proper price and block reward drop for months. Earlier this year, Dogecoin’s block reward halving was the catalyst that saw the cryptocurrency get its second wind. Since then, the price has been on a steady rise, reaching over $1 USD per coin for the first time ever in mid-May and gradually increasing in popularity among the investment community.. Read more about dogecoin price prediction for tomorrow and let us know what you think.
Frequently Asked Questions
Will Dogecoin ever reach $1 2020?
It is difficult to say when Dogecoin will reach $1, but it is possible that this could happen in 2020.
What will Dogecoin be worth 2022?
Dogecoin will be worth $0.00 in 2022.
Will Dogecoin ever reach $10?
Dogecoin is a cryptocurrency that has been around since 2013. It was originally created as a joke, but it became very popular and now has a market cap of $1 billion.
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