| json_metadata | "{"app":"musing/1.1","appTags":["dogecoin","blockchain","cryptocurrency","musing"],"appCategory":"dogecoin","appTitle":"Can Dogecoin Prices Reach $1 at the End of 2019?","appBody":"<p>Dogecoin (DOGE), also known as the \"Shiba-inu\" meme coin, has quickly become famous since it was created. This is despite the fact that there has not been a significant increase since then. The success story of Dogecoin is also encouraging given the fact that many people believe that DOGE will not survive after the first month. However, the Dogecoin community has grown a lot since then with new members who continue to join every day. DOGE has also become one of the most popular projects in the cryptocurrency space. While the price of Dogecoin has increased significantly over the past few months, this does not change the fact that this Shiba Inu dog logo has high fluctuations. While most altcoins with small market capitalization move quite fluctuatively, Dogecoin is one of the most volatile tokens.</p><p>A typical example of price volatility is what happened in the first week of April when Elon Musk jokingly became the CEO of Dogecoin. Even if it was a stupid joke in April, DOGE prices actually jumped more than 50% in four days just because of the joke! DOGE lost its profits after the hype died down. High volatility is a blessing and a curse. You can get a quick refund when investing in digital currency and surges come soon after. On the other hand, it is also vulnerable to the Pump and Dump scheme. At the highest level of all time in January 2018, DOGE prices reached $ 0.018773. That's when every other cryptocurrency surged and Bitcoin (BTC), almost touched the price level of $ 20,000.</p><p>So, reaching $ 1 before the end of the year without a significant update is an impossible thing. DOGE evolved from token tips to products with more use cases, the possibility of a significant price surge will remain thin. Although for multiples of two or three times, it still allows well. Some time ago, the price of DOGE against the US dollar (USD) was around the level of $ 0.002904. This means that it has fallen by 3.38% against the USD and decreased by 1.59% against the price of BTC. Trading volume over the 24 hour period was $ 56,255,428 and market capitalization was $ 347,354,070. DOGE has lost Support levels around the $ 0.0030 price range and may fall lower in the near future.</p>","appDepth":2,"appParentPermlink":"fkf5tmpnq","appParentAuthor":"rachman-jr25","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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