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Dogecoin (DOGE) is a coin with potential. Can it convert that potential into performance and grow?

Dogecoin (DOGE) is a coin that has reached great heights since its inception. Many did not believe that the coin could do so much and was believed to fail soon. The famous Elon Musk joke gave the coin the popularity that leads to the growth of the coin by more than 80 percent in four days. Since then the coin has not looked back and to be fair Elon Musk is not the only reason that has lead to the growth of the coin. The coin has a lot to potential to establish its position in the crypto market.

The coin has shown growth in the past few months but the coin faces too much fluctuation is also a reality. The coin will grow but to expect that the coin will reach $1 against the United States Dollar (USD) is too much to ask for.

At the time of writing this article Dogecoin (DOGE) was trading at $0.0029 against the United States Dollar (USD). The coin was also showing a positive growth of 3.54 percent. The market cap of the coin was $357,770,548 United States Dollar (USD) and the 24 hours trading volume of the coin was $60,423,008 United States Dollar (USD). The coin is facing a resistance level of $0.003 which it can cross soon.

The movement of Dogecoin (DOGE) is very difficult to predict. Also, the condition of the market is very volatile now and the flagship coin, Bitcoin (BTC) is also fluctuating a lot leading to the fluctuation in other altcoins as well. Let us see the turn that the Dogecoin (DOGE) will take and whether it will cross the $1 mark against the United States Dollar.

About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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