Just like ever before, as the market goes on to face the bear trend and most of the altcoins are down by –3% to –4%. Whereas, Dogecoin (DOGE) is trading neutral. This is not the first time that the meme coin has resisted the bear market, and this makes it one of the stable coins in the market.
The way the market has been since the beginning of 2019, Dogecoin can have a chance to go big just like TRON and Verge surged in the last two days. DOGE has been a sign of stability among other digital assets during this long-running bear market. Well, this can be a great time for the Dogecoin to really pick up the flight.
This is the time when inventors really need to chip in. If there are inventors looking to invest in crypto, Dogecoin (DOGE) is the one to look for. They should not wait for a long time before it gets too late. This could more likely be a fruitful journey for short-terms inventors in special. For long-term inventors, they need to HODL the coin for the massive bull run.
Recently, it was indicated that someone owns $23 million worth of DOGE’s and many other accounts have been indicated holding millions of worth Dogecoins. Well, it doesn’t seem to be a joke, because of investment is in millions of dollars. So, it seems that Dogecoin has still a lot to come up with, in the coming time.
The reason for big investments into the Dogecoin (DOGE) has been due to the stability and sustainable value growth over time. This has earned the attraction of investors. Starting off the journey from being a joke coin to the third biggest active crypto is astounding.
There is still a way to go for the meme coin and the whole DOGE community is standing behind the Dogecoin network. The main factor about the DOGE’s volume is that it mainly comes from the real-world use, which is an ultimate symbol of long-term growth. Investors have faith in the coin and users are optimizing its technology for the real purpose of digital currency, which is transferring of money across the borders.
This year awaits some big moments to come for Dogecoin and the progress of the network is based on its community because it’s a totally decentralized asset and is a community-driven project. So, the crypto users to should keep an eye on it.
The market position looks pretty strong for Dogecoin (DOGE) and the bullish sentiment is on DOGE side. At the time of writing, Dogecoin was trading with a price of $0.0021 USD having a market cap of $251 million and a trading volume of $15 million. Currently, it is trading at 24th spot but it might soon be back in top 20 coins.