DOGE may formerly be a joke currency, but it is gaining the strength back as other cryptos take a fall.
DOGE is a cryptocurrency launched in 2013. The very first idea behind the currency was making a fun and user-friendly crypto with a strong community. Dogecoin wants to be the currency that is free of extra “seriousness” and issues of the bigger coins. It is the end of 2018 and DOGE is still here – even more so, the coin managed to legitimize itself and grow a serious and devoted fanbase. Dogecoin is used by merchants who accept crypto payments, users buy, sell and exchange the coin with quite a frequency and, (most importantly) Doge managed to be one of the very few winners of the November crypto market crash. So, let’s look deeper into the price forecast for the Shiba-Inu currency.
Dogecoin Price Prediction 2018
Cryptocurrency market is a highly volatile space, so making cryptocurrency price predictions is generally a challenging task. However, ChangeNOW made short-term and long-term Dogecoin price projections basing our opinion on the current market state, DOGE price charts and already existing Dogecoin future predictions. The current Dogecoin price chart is provided below.
If you are thinking about buying DOGE now, there are several factors you would like to consider before the purchase. The features that may help Dogecoin value grow are the following:
DOGE is a very available coin: the majority of big exchanges support Dogecoin and there are numerous wallets to store this crypto. Besides that, DOGE (even as a joke cryptocurrency) managed to last up until now. From this, we can make a statement that the coin has already established and grew the community around itself.
Also, DOGE actually has a good purpose – it is fun and non-threatening for the crypto newcomers. It might seem that the project does not take itself too seriously, but you are wrong here. There is a solid culture of the Internet memes and the strong base to back the coin up in the times of need.
Dogecoin is surely positive about their future according to their Twitter.
— Dogecoin Memes (@DogecoinMemes) October 10, 2018
Keeping the abovementioned facts in mind, ChangeNOW can say that DOGE is likely to grow the price. The rise most probably will not be sharp, but the traders are optimistic about this token. As for 2019, DOGE might reach ~$0.0150 by the middle of the year ahead.
Dogecoin price prediction for 2020 is quite sunny as well. The price will be stabilised around $0.02. Hopefully, the prediction for the short- and long-term are correct and Dogecoin will not take a plunge. ChangeNOW is sure that the users can safely buy, sell and trade DOGE if they follow the coin news and updates and monitor the market situation.