In the cryptocurrency world, very few projects are successful over the course of multiple years. While Bitcoin, Ethereum, and XRP are clearly setting the bar for everyone else, it is also quite evident Dogecoin is here to stay. Unlike most other altcoins , DOGE has a special place in people’s hearts, although the price doesn’t always reflect it. Even today, the $0.002 level still hasn’t been broken in a positive manner, which puts a lot of strain on the Dogecoin price and its investors.
Dogecoin Price Momentum Remains Indecisive
For those people who had expected bullish DOGE momentum over the weekend, there was plenty of disappointment. None of the top markets – with the exception of Stellar – noted any real gains in the past 48-60 hours. That is rather unfortunate, although it was also somewhat to be expected. Until Bitcoin finds stable ground, all other markets will remain under a lot of pressure as well. Dogecoin will not be an exception in this regard.
To put this in perspective, the current market momentum doesn’t look too promising. The Dogecoin price lost another 1.43% in USD value and 1.25% in Bitcoin value. Luckily, the 50 Satoshi level is holding its own right now, but that situation may come to change in the very near future. In terms of USD value, one DOGE is priced at $0.00196, which means the $0.002 level is still a long way away at this time.
On social media, there are a few interesting tidbits of Dogecoin-related information to take note of. First of all, a new Dota 2 merchandise site is looking to experiment with Dogecoin payments. Although it is evident this particular platform will not necessarily gain a lot of traction right away, it is still a rather promising development overall. More sites dealing with Dogecoin payments is a sign of ecosystem growth.
DOTA/Doge lovers- Help needed! https://t.co/RRjkoMqevC via @reddit
New shop with Dota2 apparel using the @WooCommerce plugin for accepting #dogecoin