Dogecoin Price Heads Back to $0.005 After Brief Dip

Neutral Dogecoin Price Heads Back to $0.005 After Brief Dip

The interesting and peculiar trend affected all cryptocurrencies continues unabated. Even though there has been a lot of sideways trading momentum over the weekend, it seems things will continue for some time to come. Dogecoin is making a small comeback as well, after losing its relative stability at $0.005.

Dogecoin Price is on the Rise

It doesn't happen all that often people start to consider a stable cryptocurrency. Especially because this project appears to be so niche, its value has not fluctuated in any wild manner. Instead, it appears the DOGE value would remain stable at $0.005 for some time to come. That streak was broken earlier this week, albeit the rebound is already taking shape.

More specifically, there is a small uptrend over the past few hours which slowly pushes the Dogecoin price back toward $0.005. A minor increase in both USD and BTC value has shown Dogecoin is anything but dead at this point, even though its massive price gain of earlier this year might not be repeated anytime soon. Despite the lack of volatility, Dogecoin remains one of the more attractive cryptocurrency markets at all times.

Community members are also quite happy with this most recent development. Cooz Komei Tokita is confident Dogecoin will come back every single time a setback occurs. So far, that is exactly what tends to happen in the cryptocurrency world, How often history will repeat itself, is a different matter altogether.

The beauty of this is undescribable. Dogecoin never ceases to make me happy. That joke that never died and making a comeback. #doge https://t.co/tYFwOXybrS

- Cooz Komei Tokita (English) (@CoozKTokitaEN) October 21, 2018

As is always the case, traders and speculators can still leverage the price gap between different exchanges to make a profit. A lot of arbitrage opportunities exist for Dogecoin right now, resulting in gains between 2% and 4% for arbitrage traders. This is a very interesting opportunity, although all of the eligible exchanges appear to generate low DOGE trading volume at this time.

#DOGE
Buy at #Koineks and sell at #YoBit. Ratio: 3.51%
Buy at #Sistemkoin and sell at #YoBit. Ratio: 4.40%
Buy at #HitBTC and sell at #YoBit. Ratio: 2.25%
Buy at #Poloniex and sell at #YoBit. Ratio: 2.56%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC

- Arbing Tool (@ArbingTool) October 21, 2018

Last but not least, Dogecoin wouldn't be the popular community without some good memes. Dogecoin Memes is a vital Twitter account to follow in this regard. Their recent meme pertains to visualizing the Dogecoin blockchain with stuffed doges. It is a very unique chaingang, and it will undoubtedly bring a lot of chuckles to cryptocurrency enthusiasts globally.

All of the market conditions appear to indicate Dogecoin's value might continue to rise for a few more hours to come. No spectacular changes should be expected in this regard, as all markets remain subdued for the time being. Small gains are still equally viable in the cryptocurrency world, and Dogecoin enthusiasts will be quite happy with the way things are going as of right now.

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers.

10/21/2018 / 08:13:20 Source: themerkle

DOGE Price | News | Price Analysis | altcoin | DOGE | dogecoin price | | Trading|Altcoin
BTC
1 BTC=$5,588.17
XRP
1 XRP=$0.4787
ETH
1 ETH=$180.06
XUC
1 XUC=$3.51
BCH
1 BCH=$381.77
EOS
1 EOS=$4.74

News Feed 50

Bitcoin.Com Neutral - French Financial Markets Regulator Estimates ICOs Have Raised $21.9B Globally Since 2014 read more.
11/15/2018 / 23:05:54
Newsbtc Neutral - Brian Kelly: Bitcoin Cash Hard Fork Caused “Crypto Civil War” read more.
11/15/2018 / 23:00:44
Bitcoinist Neutral - The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019 read more.
11/15/2018 / 23:00:36
Livebitcoinnews Neutral - Fortnite V-Bucks, Cryptocurrency Top Teens’ Christmas Wish List read more.
11/15/2018 / 23:00:12
Cryptoglobe Neutral - Cryptocurrency Exchange KuCoin Raises $20 Million in Funding Round read more.
11/15/2018 / 23:00:02
Ccn Negative - Bitcoin Cash: ABC Network Suffered Spam Attack as Hard Fork Activated read more.
11/15/2018 / 22:57:55
Cointelegraph Neutral - Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead read more.
11/15/2018 / 22:52:00
Coindesk Neutral - What We Know About Bitcoin Cash’s Two Blockchains read more.
11/15/2018 / 22:30:13
Bitcoinmagazine Neutral - #Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand read more.
11/15/2018 / 22:28:28
Newsbtc Neutral - Report: ICO Funding Stumbles in Q3, Regulation a Primary Factor read more.
11/15/2018 / 22:00:56
Cryptoglobe Neutral - Exit Scammers Start Refunding Victims' ETH After Being 'Blinded by Money' read more.
11/15/2018 / 22:00:52
Ccn Neutral - Fork Wars: Bitcoin Cash Dev. Warns that CoinGeek Will Attack ABC read more.
11/15/2018 / 21:50:58
Bitcoin.Com Neutral - Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills read more.
11/15/2018 / 21:35:26
Cointelegraph Neutral - Microsoft Releases Cloud-Based Azure Blockchain Development Kit read more.
11/15/2018 / 21:29:00
Cryptoinsider Neutral - Daily Crypto Roundup 11/15/2018 read more.
11/15/2018 / 21:22:49
Themerkle Neutral - BCHABC Price Trends Higher as BCHSV Price Drops by 45% read more.
11/15/2018 / 21:17:32
Themerkle Neutral - Is Bitcoin ABC Really Winning the Bitcoin Cash “Hash War”? read more.
11/15/2018 / 21:02:37
Newsbtc Neutral - Bitcoin Cash War Begins: Hash Power of BCH Increasing Rapidly read more.
11/15/2018 / 21:00:17
Livebitcoinnews Neutral - New Data Shows Ethereum GPU Mining No Longer Profitable read more.
11/15/2018 / 21:00:07
Coindesk Neutral - Binance Warns Iranian Traders to Withdraw Crypto Amid Sanctions read more.
11/15/2018 / 21:00:05
Cryptoglobe Neutral - Yandex Survey: 120,000 People Use Cryptocurrencies in Moscow, Russia read more.
11/15/2018 / 21:00:00
Ccn Neutral - Bitcoin Market Cap Slides Below $100 Billion as BCH Fork Spooks Investors read more.
11/15/2018 / 20:53:01
Ccn Neutral - Moscow Residents are Slowly Warming to Crypto Payments: Study read more.
11/15/2018 / 20:09:59
Bitcoin.Com Neutral - Coinbase Ventures Backs Home Crypto Mining Startup Coinmine read more.
11/15/2018 / 20:05:32
Bitcoinist Neutral - Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018 read more.
11/15/2018 / 20:00:33
Newsbtc Neutral - European Central Bank Exec: Bitcoin is the “Evil Spawn of the Financial Crisis” read more.
11/15/2018 / 20:00:16
Themerkle Neutral - Is the Bitcoin Cash Fork Having a Negative Impact on the Crypto Space? read more.
11/15/2018 / 19:57:51
Trustnodes Neutral - BCH Races Ahead as Roger Ver Saves the Day read more.
11/15/2018 / 19:54:24
Cryptoinsider Neutral - Interview: Anthony Lusardi (ETC Cooperative) on the uniqueness of Ethereum Classic read more.
11/15/2018 / 19:50:56
Cryptoglobe Neutral - BitGo Adds GUSD (Gemini Dollar) read more.
11/15/2018 / 19:30:00
Ccn Neutral - Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath read more.
11/15/2018 / 19:25:41
Bitcoin.Com Neutral - Hash Wars: The Bitcoin Cash Hard Fork Has Begun read more.
11/15/2018 / 19:08:29
Themerkle Negative - Bitcoin Price Watch: Currency Falls to Its Lowest Point in A Year read more.
11/15/2018 / 18:57:43
Cryptoglobe Neutral - Bitcoin Cash (BCH) Fork Makes Bitcoin Mining More Enticing - For Now read more.
11/15/2018 / 18:55:47
Cointelegraph Neutral - After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum read more.
11/15/2018 / 18:53:00
Cryptonewsreview Neutral - Bitcoin Cash fork goes ahead, ABC side is early front runner read more.
11/15/2018 / 18:49:28
Blokt Negative - Bitcoin’s Market Cap Falls Below $100B, Mirrors Crypto Market’s $27.5B Decline In Just 11 Hours read more.
11/15/2018 / 18:44:49
Livebitcoinnews Neutral - Market Value of Bitcoin Falls Below $100 Billion, First Time Since October read more.
11/15/2018 / 18:30:53
Newsbtc Neutral - How Low Can It Go? Bitcoin Settles Below $5,600 as Altcoins Continue to Drop read more.
11/15/2018 / 18:30:49
Ccn Neutral - Breaking: Bitcoin Cash Hard Forks — BCH Hash War Begins read more.
11/15/2018 / 18:16:06
Cryptoglobe Neutral - Prominent Bitcoin Cash Supporter Calvin Ayre Discusses the BCH Fork read more.
11/15/2018 / 18:15:00
Bitcoinmagazine Neutral - Binance Will Support USDC Trading Starting November 17 read more.
11/15/2018 / 18:11:40
Newsbtc Neutral - IMMO Has Denied Rumors of Collaboration With the Rothschilds, and That Is Why We Are Now Surer Than Ever read more.
11/15/2018 / 18:10:38
Coindesk Negative - Bitcoin Cash Just Officially Split Into Two Competing Blockchains read more.
11/15/2018 / 18:05:54
Bitcoin.Com Neutral - Canaan’s Hong Kong Listing Plans in Limbo read more.
11/15/2018 / 18:05:41
Cointelegraph Neutral - European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis' read more.
11/15/2018 / 17:47:00
Cryptonewsreview Neutral - Markets wait with trepidation as Bitcoin Cash fork nears; Bitcoin price hit another 2018 low read more.
11/15/2018 / 17:31:46
Cryptoglobe Neutral - LIVE: Here’s What’s Going on at the Time of BCH’s Hard Fork read more.
11/15/2018 / 17:20:11
Cryptopotato Neutral - #Ethereum Price Analysis Nov.15: Will Support Hold? read more.
11/15/2018 / 17:12:00
Cointelegraph Neutral - Russia: Sberbank CEO Says Industrial Scale Blockchain Adoption Is 1-2 Years Away read more.
11/15/2018 / 17:08:00
Negative
3.4%
Neutral
95.2%
Positive
1.3%
Mixed
0.1%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.