Dogecoin was clearly enjoying the bullish surge in its price and the bullish movement of the Dogecoin was triggered by the positive increase of the currencies in the market especially Bitcoin. Bitcoin was the most influential currency for Dogecoin’s value and when Bitcoin was going up, Dogecoin too was going up.
Today, Bitcoin open in the market with decreased price but the value of the currency is currently is around $11,300. Despite its bearish performance, the experts think that the currency will recover and achieve the value of $11,800 by the end of today and this surge will impact on the value of Dogecoin too.
Current Value of Dogecoin: Currently, at the time of writing the value of Dogecoin is trading at the value of $0.003254 USD and its value is currently decreasing by -2.33%, but the BTC trading value of the currency is 0.00000029 BTC and its increasing by 0.35%. The market capitalization of the currency is $391,527,244 USD and the 24-hour volume of the currency is $33,271,184 USD.
Dogecoin Year-to-date Analysis: This year Dogecoin has been going great in the market. Dogecoin started this year with the value of $0.0023 and the currency experience decrease in few starting months. In the month of February, the currency was at its all-time low of $0.0018.
As at the month of April came the currency surged by 80.21% from the value of $0.0020 to the high of $0.0036. Unfortunately, the coin again dropped down and from $0.0036 it came to $0.0034, with the decreasing of 34.26%. In May again the value of Dogecoin goes up from $0.0024 to the value of $0.0033 increasing the value by 39.71%. A few days ago the currency reached up to the high of $0.0038 and the value increased by 41.02% as the value goes from $0.0022 to $0.0032.
The experts are predicting that the value of Dogecoin will increase in the coming future. The market is also expected to go up because of the leap in the value. The experts are predicting that the coin will achieve the value of $0.007 by the end of the year 2019 and the best investment in the coin would be a long-term investment.