Many of our cryptonews readers have been looking for analyses on popular altcoins and today, we are reviewing the Dogecoin price prediction for April. In times when DOGE is trading above $0.001, it is important to see what the technicals look like so that we can conjure a solid all-around prediction.
For those of you who don’t know, Dogecoin (DOGE) is one of the oldest cryptocurrencies. It is also a coin that started off as a meme but soon got the likes and backing of many celebrities. The Tesla and SpaceX CEO, Elon Musk, recently tweeted about Dogecoin in a number of occasions and just like the fans of DOGE, was inspired by the then-popular Doge meme.
The current Dogecoin price prediction shows that the price is stable at $0.001857 with a decrease of around 1% in the past 24 hours. The cryptocurrency is ranked at 33rd place in the market cap standings and has a market cap of $230,042,973, with a circulating supply of 123.861.343.884 DOGE.
This means that plenty of DOGE has been traded in the past 24 hours, which is again less than the $182,697,142 from last month. The lowest volume in traded DOGE coins was recorded on March 7 with only $88 million worth of the cryptocurrency being traded on the markets.
The Dogecoin price prediction now shows that the coin has a solid momentum and just like Bitcoin (BTC), is leading a herd of altcoins around it. The good news is that there is a big community behind Dogecoin (DOGE) – something that started off as a group of people supporting this coin and continued with more and more members joining in and investing in DOGE.
On March 11, DOGE opened at $0.0022 which is why this is the main level that is watched out for in the current Dogecoin price prediction. However, the Dogecoin news update afterwards showed that the price of the altcoin fell to $0.0014 shortly after that and now we can see how it managed to retrace to $0.0018.
For now, the $0.0020 level is crucial and the one to watch out for. Once DOGE clears that point, the hopes are oriented towards the $0.003 level and matching the yearly high of this year.
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