Dogecoin general bullishness is a new crypto market phenomenon, as the past altcoin has shown a trend toward Bitcoin price movements. In most of August and September, the Dogecoin has been on the rise. During this period, the collapse of the cryptocurrency occurred, and coins such as the Ethereum have already suffered.
At the same time, the Doge currency still showed bullishness and the price rose by 0.36% in the past 24 hours. Since the beginning of 2018, the Dogecoin price has once again hit a new high. The price of the altcoin, which was launched at a price of $0.006, has reached $0.0069, but this figure has since fallen to $0.0063 as of the date of publication. The project continued to make progress on market value and maintained its top 20 for a considerable period of time.
The Dogecoin review of its project dates back to 2014, during which most cryptocurrency is still growing. Four years later, Dogecoin seems to be a sure failure because its “non-rigid” nature has caused a large number of Dogecoin companions to lose cryptocurrency users. And now the Dogecoin ‘Internet tip’ platform is gradually demonstrating its relevance.
According to the data from Citicoins, the market statistics for Dogecoin are impressive; the share of Dogecoin value in the crypto market is $732 million. This is about 0.3710% of the total cryptocurrency in all cryptocurrency exchanges today.
What is driving the Dogecoin bullish?
As crypto technology continues to evolve, people will wonder why Dogecoin are currently hotter than encrypted investors. Well, this can be attributed to several factors of the analyst’s encrypted news sources and opinions on Dogecoin price action.
First, investors are looking for undervalued digital assets to get a larger cumulative return on price adjustments. Dogecoin offers a perfect opportunity for anyone to own a cryptocurrency because of its affordable price. In addition, the release of the Dogethereum Bridge has convinced most cryptographic communities that Dogecoin is indeed at a better base than it was a month ago. In addition, the news media has been promoting the Dogecoin for the past two weeks, making it a strong cryptocurrency.
Dogecoin’s ability to meet the needs of millennials has also made it a popular cryptocurrency, as most blockchains and savvy researchers belong to this group. At present, its competitiveness in the contribution to the members of the cryptocurrency community cannot be ignored. In fact, if Dogecoin maintains its current adoption speed, it can prove that its market facts and forecasts support its relevance.
Dogecoin will not be listed soon in Binance
Dogecoin’s good prospects have led the encryption community to speculate on the listing of Binance, which will drive the adoption and value of cryptocurrency. However, it seems that this situation will not happen soon after a project founder denies that such claims will soon be realized. According to a statement about reddit, the Binance list will be binding on Dogecoin’s activities, as the cryptocurrency exchange expects Dogecoin to lead developers to sign some agreements. This is not to say that Dogecoin is not easy to obtain, and the cryptocurrency is now listed on more than 15 coin exchanges.