Dogecoin (DOGE) Investors, Just HODL The Coin!

The crypto news hasn’t me much amazing for the users from the last couple of months due to the bear market. Dogecoin (DOGE) also has not come up with some big news during this time. But somehow, we can see DOGE gaining a bit of push in the last few weeks. The price of Bitcoin (BTC) dropping below $3,500 USD looked like that all the coins would go into hibernation, but few digital assets including Dogecoin (DOGE) stayed in key range.

The way the market has gone it is almost unable to predict that which way a digital asset is heading. At the moment, it’s more of conjectures that are discussed about the market. The reason for that is the crypto market is still new and is quite unpredictable. Dogecoin (DOGE) is more often speculated to move up in coming time but there are also some facts that Dogecoin users have to look forward heading into 2019. Till then DOGE investors need to HODL on their coins.

There are two choices for the meme coin either to go up or down. Well, after examining the current market performance of DOGE it seems that it has been quite impressive. It has traded between $0.003 USD to $0.002 USD is last whole month up to date. Dogecoin has been neutral and Bitcoin price fluctuation has not tended DOGE to surge up. But it also has not affected it that badly, as Dogecoin has moved up to 20th place in the market.

Moving on from speculations, Dogecoin (DOGE) is one of those cryptos that beat Bitcoin because of that non-deflationary character it possesses, which makes Dogecoin’s mining unrestricted. Looking at another key aspect which makes the digital coin exceptional among other coins is its price which is inexpensive and is in reach of most of the users. Dogecoin also provides tipping that wasn’t taken seriously before DOGE joined the crypto world. This is the basic feature which has given Dogecoin so much popularity and this gives the Dogecoin’s network a special importance among the cryptocurrency users. Presenting users with rewards for decent online content is a new notion which has given the meme coin a lot of fame.

The entry of Dogethereum bridge and DogePal has increased Dogecoin’s user’s passion. These projects are still in a new phase and will progress with time. In the past five months or so, Dogecoin (DOGE) has taken over Bitcoin Cash’s transactions. This is quite an achievement for DOGE. So, keeping in view that Dogecoin is still growing up, we need to give a chance to Dogecoin on the basis of its market performance and its developing features.

Having a look at the market, Dogecoin (DOGE) was trading with a price of $0.0021 USD with a market cap of $245 million and trading volume of almost $15 million. In the last 24 hours, Dogecoin has moved slightly down about –0.30%, which is great as compared to rest of the market. So, examining all the circumstances the best option is to HODL Dogecoin.

Ali Hassan :