Hedge Beta Success Story — Dogecoin Up 2x in 1 Month
Dogecoin has seen some interesting activity over the last month as prices have been subject to a respectable amount of volatility, all things considered. During the first two weeks of September DOGE saw a significant drive in value from little no to activity in the previous month. In late August DOGE saw minor improvements in overall value leading to a buzz of activity starting at the $0.00250USD mark and currently sitting at $0.005910 USD as of October 1, 2018.
With over a 2x jump in value within a month, DOGE is one of the few altcoins that has seen significant growth while many others in the current marketplace have seen either no volatility or steady decline.
The monthly chart shows plenty of volatility as well as strength building support for current price which may hold the value of DOGE at this current price for a while. Although BTC is the common driver behind most crypto values, DOGE exemplifies a case study for how altcoins can and will operate independently from BTC.
One of our Hedge beta testers (Vordo114) made a prediction that Dogecoin would see a climb back in early September, speculating an increase to around the $0.0058 USD mark. This prediction turned out to be correct and even underestimated the final high of Dogecoin as the price kept climbing to a high of $0.006933 USD.
It’s exciting to see that people are making accurate trade predictions in our beta marketplace. With Hedge, you can monetize trading predictions for coins just like this one, as well as a number of other valuable assets. By getting involved in the Hedge community you can be part of the most exciting happening in the market!
Check out hedgetrading.io to find out more about Hedge!
