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Dogecoin price analysis: Doge/USD Price is expected to Surge

Dogecoin (DOGE) was one of the most unusual coins in the crypto market as it was started by dogecoin creator without any plan but the coin has become one of the most popular coins in the digital market. From the beginning of this year, the coin has achieved some great milestones. Dogecoin (DOGE) has been one of the dark horse that has evolved and has achieved great heights in the digital currencies market and the crypto experts and analysts are in awe seeing the developments in the coin.

At the time of writing this article, Dogecoin (DOGE) is trading at $0.0028 against the United States Dollar (USD). The coin was also showing a positive growth of 5.27 percent. The market cap of the coin was $336,454,087 United States Dollar (USD) and the 24 hours trading volume was $57,917,093 United States Dollar (USD). Once Elon Musk, CEO, founder and designer at SpaceX did a joke on Dogecoin (DOGE) that helped it gain popularity but that is not the lone reason that has helped in the evolvement of the Dogecoin (DOGE).

The coin got added on the Coinbase, one of the leading digital currency exchanges in the United States of America (USA). The addition to this exchange helped the coin gain confidence among traders and investors. The Coinbase digital currency exchange platform adds only those cryptocurrencies to its platform that are worth of performing well hence this conveys to the traders and investors in favor of Dogecoin (DOGE).

The Elon Musk joke helped the coin gain more than 80% and then after a few days the coin again started losing. Now the coin is a bit of stable and is showing growth also as of now. The coin is expected to cross the $0.005 level mark against the United States Dollar (USD). The coin is expected to cross the $0.0040 and $0.0045 resistance levels this year. The coin is expected to cross the $0.0015, $0.0020 and $0.0025 support levels also. If the bullish trend prevails in the market and the bulls continue to support the coin the coin can reach to new levels and perform in the crypto market as predicted.

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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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