The Dogecoin Bottom Could Fall Below $0.03, Expert Says

Popular crypto investor Ben Armstrong told his 895k Twitter followers the crypto market could drop by another 50% – including Dogecoin.

Armstrong said that Bitcoin hovered in a bearish range between $6,000 to $7,000 in 2018. Bitcoin then fell to a bottom price of $3,200 within a month period. The crypto market then took another 12 months before recovering into bullish territory.

But crucially, Armstrong suggested the bottom came 12 months after the previous all-time high. This would mean that right now is potentially a time for crypto prices like Dogecoin and Bitcoin to fall a further 50% – dropping the Dogecoin price below $0.03 before a market recovery.

Could Dogecoin really fall more than 92% from the all-time high?

It's possible. The Dogecoin all-time high was a freak breakout that coincided with Elon Musk appearing on Saturday Night Live. Dogecoin was trading in a range of $0.3 before the breakout meaning that a fall from $0.3 to $0.03 is only 90%.

Are there any tokens that have hit the bottom price?

Nearly half of Dogecoin investors are still in profit at the Dogecoin price of $0.059.

According to IntoTheBlock, 4% of Dogecoin holders are breaking even and 47% are in the green. This means that many Dogecoin holders could still sell off assets and make a gain right now.

The case is different for new tokens like EverGrow, which launched a year ago and have fallen back down to prices similar to the start. There's no more room to go so many small cap cryptocurrencies like EverGrow are decoupling from the Bitcoin and Dogecoin price as they grow in the bear market.

If you're looking to make an investment now, then look at buying tokens like EverGrow which are still growing and capable of bringing returns even during the bear market.