dogecoin price prediction 2020: dogecoin cap Crosses $375 Million

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

Dogecoin’s alliance in joining the wallet of Coinbase and Paytomat is really helping the value of the Dogecoin to increase in the cryptocurrency market. Elon Musk and John MaCfee are the people who publicly stated that Dogecoin is their favorite cryptocurrency and this also might be a reason for the increase in its value.

The coin has performed really well in the previous few months and the FCAS metric has given B rating to Dogecoin. This rating displays that the creditability of the coin is increased in the cryptocurrency market and this might also attract new investors or traders. The creditability of the coin has increased and also the market capitalization of the currency has crossed the value of $375 million.

In the month of April with the bullish movement, the price goes as high as $473 million, but because of the recent correction, the value of the coin returns towards the value of $350 million USD. The experts are forecasting that the value of the currency will reach up to $0.5 to $0.7 USD by the end of 2019.

Present Value of Dogecoin (DOGE): Currently, the Dogecoin is trading at the value of $0.003226 USD and its value is increased by 4.12%. The market capitalization of the coin is $386,175,394 USD and the 24-hour volume of the currency is $78,482,479 USD. The circulating supply of the currency is at 119,712,088,929 DOGE.

Price Comparison of Dogecoin: This year has been great for the cryptocurrency market in comparison with the previous year. Dogecoin is also in a good position in the market. The value of the Dogecoin is decreased up to $0.00184280 USD in the month of February this year. But, the value goes up by the end of March and the value of Dogecoin has achieved the price $0.00372597, it was a total increase of 79.25% in the value of Dogecoin just in 5 days.

As we compare the value and the market capitalization of the currency in the course of 1 month. Then, on April 29, the price of the Dogecoin was $0.00257534 and the market capitalization of the currency was $297,274,764 USD. And in the course of 30 days, the price of the Dogecoin is increased by 26.30% and the market capitalization of the currency is increased by 25.42%.

The experts in the cryptocurrency market are saying that this is a  bullish movement in the price of Dogecoin and they predicted that the value of the Dogecoin will gain the price of $0.5 to $0.7 by the end of this year.  The predictions are also of the market capitalization will go above the highest value of this year $473 million and experts are predicting that the price could make up to $700 million.

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