Dogecoin price is on the rise again

Dogecoin price is on the rise again

When it comes to different altcoins on the market today, traders often keen an eye on Dogecoin. While Dogecoin is still considered to be the joke cryptocurrency of the crypto world, the market cap of DOGE tends to remain fairly stable. at present Dogecoin price is on the rise again, it is certainly possible all of the other markets will head in the same direction moving forward. "Dogecoin price is on the rise again"

Dogecoin price is on the rise again

From the past few weeks have not been overly negative for any of the cryptocurrency markets, it is always good to see some positive momentum brewing behind the scenes. When even Dogecoin price can inch ahead, it is only a matter of time until the other markets attempt to follow the same. As long as BTC remains in the green, there is no reason to expect a market reversal.

Although over the past 2 days, the Doge price has risen by 3.15%, Because of this somewhat unexpected gain, the value per DOGE has now reached $0.002568 once again. At the same time, the DOGE/BTC level has risen by 1.65%, as the 47 Satoshi level has been reclaimed successfully. All of these Dogecoin developments are more than promising under the current market circumstances. However, it seems unlikely Dogecoin price will return again to $0.003 anytime soon.

The big news in Cryptocurrency space so far is how Dogecoin is now officially supported by the Coinbase Wallet service. In both cases, that could hint at Dogecoin becoming available for trading on Coinbase exchange in the near future, albeit the exchange has neither confirmed nor denied this is happening as of yet. Even though, it is evident the support by Coinbase Wallet exchange will help legitimize Dogecoin as a cryptocurrency despite the public’s perception.

Scrippins is one of those people who expect big things from this Coinbase Wallet news. Although altcoins have seen their fair share of value increases, it remains to be seen if Dogecoin will receive a similar treatment. After all, there are billions of Dogecoin in circulation, and triggering a major market surge will be increasingly difficult. Even so, one never knows how its market will evolve in the coming days and weeks.

Despite all of the positive big news, it seems some users are still not too convinced Dogecoin DOGE should be considered a legitimate project. for example, Bill Warren is still convinced Dogecoin is a joke, as he cannot make sense of the current market cap of over $300m.  While not every user might take Dogecoin too seriously, it is evident Dogecoin will not disappear no matter how badly some people may want it to.

When looking it in the bigger picture, it will appear most of the cryptocurrency markets are in a very good place as of right now. As far as Dogecoin is concerned, this gain could very well remain in place for a while, albeit a bigger jump might not necessarily materialize in the near future. Despite the Coinbase Wallet exchange listing, it seems unlikely a push dogecoin price to $0.003 will materialize anytime soon. That is not necessarily a bad thing either.

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