Price Analysis

Dogecoin (DOGE) Bullish Trend Is Expected To Bring Price Rally Soon

Dogecoin (DOGE) was seen reliving the momentum on yesterday’s chart. The coin was stable and was trying to climb up. There was a strong indication that the currency might upsurge today. The assumption fell right on the place, and the coin has taken the high road on the chart today.

There is strong anticipation that the coming years might bring a huge change in the coin. The investment in Dogecoin wouldn’t go futile. The traders who have already invested in the coin might have experienced that stability in the price of the coin. The currency doesn’t usually fall with a huge difference. Thus, it saves the investment from suffering huge losses. However, the profit proportion is relatively high in Dogecoin.

Current Statistics of Dogecoin:

  • The coin is trading at $0.002440.
  • The ROI (Return on Investment) marked around 342.43%.
  • The 24hr volume of the coin is $23,118,808.
  • The market cap is noted as $299,230,147.
  • 121,037,239,582 DOGE coins are circulating in the market.

DOGE to USD Price Comparison:

The chart is taken from Trading View on 02nd September 2019, at 06:38:11 UTC for price analysis.

DOGE Price Prediction
DOGE Price Chart by TradingView

Yesterday, the coin opened at $0.0024. The coin escalated to $0.0025 immediately after opening. The progression was of 4.22%. The rest of the day was quite the same. Towards the closing time, the coin jumped from $0.00240 to $0.00254. The progression in the coin was of 5.77%. The coin closed at $0.00254. The intraday progression was of 5.91%. Today, the coin opened at $0.00254. The coin kept moving at the same level. We are expecting a better day today.

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) is a result-giving coin. The same has kept the traders happy by controlling itself from taking a steep fall. The traders consider Dogecoin (DOGE) as an alternate option for Bitcoin (BTC) and hence rely on its momentum.

In the coming years, the coin might be seen dealing at 5%-6% profit. The coin would be best suited for long term investors as it would bring the expected result.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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