Categories: DogecoinNews

Dogecoin reaches new lows after a stable year

After a year of stability, Dogecoin dropped below a major support line $0.002. $0.002 was considered one of the major price support for Dogecoin due to Dogecoin always rebounding before touching that number. This phenomenon happened in the entire 2018 and caused many investors and traders to think Dogecoin as the new stable coin.

Dogecoin is currently trading at $0.00193. This is the first time since December 2017 Dogecoin crossed below $0.002 mark.  Dogecoin’s price fell by 2.16% due to sudden cryptocurrency flash crash.

Dogecoin had a good year in 2018 with the price stabilizing between $0.00022 and $0.00025. But Dogecoin has had a rocky start this year. Dogecoin started 2019 by showing bearish trend this entire year.

Looking at Coinmarketcap charts, it can be noticed that Dogecoin is showing a complete downtrend since December 22nd, 2018. A general downtrend of the cryptocurrency markets is the major reason for Dogecoin’s performance.

But it is interesting to note, Dogecoin is still one of the most preferred cryptocurrencies to hold this bear market. Dogecoin community members think Dogecoin would rebound soon enough. According to Today’s Gazette, Dogecoin is one of the best cryptocurrency to hold this year.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

Share
Published by
Ishan Garg
Tags: DogecoinNews

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago