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Price Analysis

Dogecoin (DOGE) marks a Slight Fall; will this get Deeper?

  • Dogecoin (DOGE) price registers a fall.
  • The intraday traders can expect a profit by the end of the day.

Dogecoin price is dealing with the bear. The coin opened the day with a downtrend along with the market. Bitcoin (BTC) was also experiencing the same. However, Bitcoin (BTC) is now dealing with positive digits. Dogecoin (DOGE) gets highly influenced by movement in the price of Bitcoin. If the same happens today, Dogecoin might close the day with a positive number on the price chart.

Let’s have a look at the Dogecoin price chart, to understand its intraday movement.

Current Statistics of Dogecoin:

  • The price of the coin is $0.002543.
  • The ROI is marked as 352.50%.
  • The 24hr volume is noted as $26,864,432 USD.
  • The market cap stands at $306,140,237 USD.
  • The circulating supply has 121,078,688,230 DOGE.

DOGE to USD Price Comparison:

The chart is taken from Trading View on 05th September 2019 at 09:10:20 UTC for price analysis.

Dogecoin Price
Dogecoin Chart By TradingView

Yesterday, the coin opened at $0.0026. The coin immediately dropped from $0.0026 to $0.0025 by 5.88%. Later, there was another drop from $0.0026 to $0.0024. This time regression was of 8.75%. The coin closed at $0.0025 with a fall of 4.52%. Today, the coin started with a moderate movement. The coin jumped from $0.00242 to $0.00256 by 5.74%. The coin is currently dealing at $0.00254.

Dogecoin Price Prediction and Conclusion:

The market is reflecting a fall on today’s chart. Dogecoin (DOGE) also felt a pullback because of the same. There are high anticipations that the coin would climb for during the second half of the day. The traders can also expect a positive result from the coin in the long term investment. In the coming years, the escalation could bring a 4% to 5% profit in the price.

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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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