Dogecoin’s Analysis: Moving towards Bullish or Bearish?
The cryptocurrency market is in recovery mode and the values of the currencies are gaining bullish trends back. The cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin SV, Tron, and VeChain is also gaining momentum.
While on one hand cryptocurrencies are recovering and on the other hand the value of Dogecoin is again in the news. Now it is in the news because of its value. Dogecoin is hovering between bearish and bullish values in the market and it is clearly not leaving the market. The currency has 375 millions of user’s base.
But, for being on the customer’s portfolios in the cryptocurrency market, the currency needs to build strong bullish momentum in its trading graph.
Current Value of Dogecoin: Currently, the Dogecoin is trading at the value of $0.003040 USD and its value is increased by 0.21%. The market capitalization of the currency is $364,510,582 USD and the 24-hour volume of the currency is $66,626,452 USD. The circulating supply of the Dogecoin is 119,906,315,062 DOGE.
Yesterday, the value of the currency was trading around the value of $0.00301 USD at 09:20 UTC. The market capitalization of the currency was $363,457,640 USD and the 24-hour volume of the currency was $65,232,560 USD.
The currency started trading this year with the value of $0.002357 USD and its growth is quite noticeable this year. The currency is also supported by many of the popular names outside the crypto market and it also had alliances with top names in the crypto market.
On April 4, 2019, the currency was trading at the value of $0.0037 and it even reached up to the value of $0.003901 on the same day. On February 6, 2019, the currency reached up to the value of $0.00182 USD and it is the lowest value of this year experienced by Dogecoin.
Today, the currency is in slight bullish movement, which is good for the investors and crypto market. The value of the Dogecoin is gained 61% increase from its lowest value of February and it’s decreased by 20% from its peak value. The experts are predicting that if Dogecoin’s value will cross the price of $0.004 successfully, then it could reach up to the value of $1 by the end of this year. But, the most important thing for the Dogecoin is that it has to stay strongly bullish in the crypto market.