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Price Analysis

Dogecoin (DOGE) Price Analysis: Dogecoin Hunts for New Partnerships as the Coin Moves in the Same Pattern

  • Dogecoin keeps sailing slowly despite market fluctuations
  • Dogecoin has nothing new to report even after 5 months of the year

The questions surrounding Dogecoin’s reliability and long-term sustenance continue to hover over the currency holders as well as investors who would like to believe that the coin is still to reach its true potential. The wait, however, is increasing as DOGE token has nothing outstanding to report. It was only once the coin value surged almost 2x times to cross the $0.0040 mark in April, but since then and before that, it is the same old story as also shown in the current market trend.

Dogecoin Price Statistics:

In the last 5 days, Dogecoin has shown a mixed trend where it first surged from $0.0028 to $0.0031 and then again dropped to $0.0029. As on June 9, 2019, at 06:21:40 UTC, the coin is trading at $0.0029 but moving in the upward direction. It was only in April that Dogecoin had shown a steep growth in the last 5 months when the coin value reached over $0.0040. Apart from this, there has not been any significant trend showcased by Dogecoin till date in this year.

Dogecoin price Chart- June 09

  • Dogecoin is currently trading at $0.0030 and 0.00000039 BTC
  • The Market Cap of the coin has reached $370,909,645
  • The 24 h volume has reached $69,436,456
  • The ROI of the coin stands at 449.03%
  • The circulating supply has reached over 119,851,018,601 DOGE which is also the total supply of the coin

Dogecoin was introduced by chance, established a firm market position by chance, and it may continue to grow in the next few months also by chance.

Dogecoin Price Prediction:

Dogecoin has proved its existence time and again and all thanks to the incredibly supportive community of DOGE token that this currency remains afloat with a strong position in the global ranking without any key partnerships or alliances. The value of Dogecoin may cross the $0.006 mark by the end of 2019 considering its slow growth, but it may pick up speed to cross new price benchmarks sooner or later.

Conclusion:

Dogecoin can be considered for short time investment as the currency has no solid ground yet, and it is not fixed how long the community support will last.

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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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