Weekends are always interesting times for cryptocurrency trading. Compared to the rest of the week, users will often see completely different evolutions. This weekend promises to be slightly bullish so far. This also reflects well on the price of Dogecoin which is advancing ahead in the value of the dollar. DOGE / BTC losses continue to accumulate, unfortunately.
The price moment of Dogecoin remains intriguing
It was not a good or bad week for Dogecoin in terms of evaluation. Although there were some minor losses in the value of BTC, the value of the USD remained without too much trouble. Furthermore, the market capitalization of Dogecoin remains above $ 250 million for today, which is another positive sign in its own right. As such, one can understand why some speculators continue to expect big things from the Internet meme currency.
In the last 24 hours, there has been an interesting price change for Dogecoin. With a 2.2% gain in value in USD, a Doge is now priced at $ 0.002148. On the other side of the spectrum, DOGE lost 0.16% in BTC value. Resume level 60 Satoshi remains very difficult, however this loss has allowed the altcoin to remain very close to that goal. A particular tendency that can easily move in both directions.
On social media, some interesting aspects of Dogecoin are highlighted. Thecoinrepublic confirms that Dogecoin continues to perform better than virtually all other altcoins on the market today. It is also the network that has the most transferred value on a daily basis, except for Bitcoin. As such, Dogecoin continues to check the right boxes in this regard, although it does not necessarily reflect on the current price.
Dogecoin showed great performance last month and at the end of the month Dogecoin was in the top 20 of the coinmarketcap encrypted currency.#dogecoin #doge #cryptocurrency #crypto https://t.co/i1qODeGWYW
– thecoinrepublic (@thecoinrepublic) 19 January 2019
For those who love a math challenge, Tom has come up with an interesting formula. The application of this formula will tell users exactly how much a relative is worth a day of mining that Dogecoin brings globally. This value should not be expressed in US dollars or other major currencies, but simply serves as a figure to make the calculation a little easier. Mathematics is hard on the weekend, but this is not too difficult to understand.
Multiply the price of one million x14.4 to calculate the relative value of the mined supply of one day of #dogecoin.
– Tom (@tom_carbon) 19 January 2019
One meme a day keeps the doctor away, or so DOGE LIFE would like the Twitter universe to believe. The last meme that explains "Dogelife" is pretty funny to him. Ever Dogecoin meme usually tends to do pretty well on social media, so it seems plausible to assume that this will produce similar results. Everything must be put in the right perspective when it comes to cryptocurrencies.
– DOGE LIFE (@news_dogecoin) 19 January 2019
All in all, it would seem that Dogecoin is in a great place. This is all that can be asked in the current market circumstances. At the same time, it seems that the DOGE / BTC relationship needs some love, yet the 60 Satoshi could stay out of reach for a while. of time to come. Behind the scenes, everything is approaching for DOGE, but the price will take some time to adequately reflect these developments.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.