Dogecoin (DOGE), the meme coin! Well the name is quoted for the reason we all know! Investors these days are screaming whether or not there is a future and a return on Dogecoin? Everyone is dying to look for better news about Dogecoin. However, it seems that what Doge Coin will declare in the oversold area is not going to happen very soon.
In such a situation, the breakdown of the price is generally realized as updated by CNN and increases when it finally occurs. And if such a situation occurs, the record could triple this time, but of course you cannot base your decision on that assumption. These are all theories that can alter Dogecoin stats and numbers.
Dogecoin price analysis on May 28, 2019:
The price of the Dogecoin shows no great fluctuations and is at $ 0.00314 at 7:37 UTC. However, the market rank has changed from 30 to 29th place. But does something change? DOGE’s return on investment is 461%, followed by a market cap value and 24 hour volume value of $ 375,336,496 and $ 79,785,238, respectively.
But will today’s value shake investors’ choices? Is there a future for investing in Dogecoin? Such questions are already hurting investors’ accounts. Let’s compare some numbers that could help investors with a specific decision they need to make.
DOGE price comparison:
The start of the year was showered with red ink worth $ 0.002423. If you compare the statistics from the 1st day of the year, the value has increased to 30%, but does not bring investors any return on investment.
A small positive increase was observed on April 4th when the value triggered the sudden escalation to 0.004134, an increase of 70% from the 1st day of the year and 30% more than the current value. So what’s going to happen? Is it dead yet?
DOGE price predictions:
Short term investment:
It could be a good time to invest in Dogecoin if you are thinking of investing in the short term. This month has been picky, so it could bring some real fruits to your numbers.
The sweet fruits could not be realized with a long-term investment. 2018 may have been a spell on the Dogecoin charts, but with a consistent downtrend, you may not want to get into the meme coin for the long term.
In fact, the Dogecoin crash is already in the air. Nothing is confirmed, however, but it won’t outperform the big sharks in cryptocurrency.
The year-end could appraise the price by $ 0.05 if it continues to grow, which is unlikely. Apparently check on Dogecoin price prediction and get future price updates about the coin so you can keep an eye on market performance.
The level of resistance can be specified for investors between $ 0.005 and $ 0.01. But the coin could experience sudden volatility, whether for it or against it, is certainly an investor concern.