Price Analysis

Dogecoin (DOGE) Price Falls; No Signs of Recovery

Dogecoin is currently dealing around $0.0028 at 05:34 UTC. The chart is indicating a slight recovery in DOGE price. The same is expected to remain for the entire day. The movement in the coin is not impressive. The reason behind Dogecoin slow price momentum is because of the heavy drop in Bitcoin.

Yesterday, Dogecoin recorded 40,980,833 USD as the volume of the day. The coin touched a high of 0.003125 USD and a low of 0.002802 USD. The coin is not believed to break the counters today. However, the coin has a high prospect of breaching the level in the future.

Current Statistics of Dogecoin:

  • Dogecoin price is trading at 0.002857 USD.
  • The Market Cap is noted as 348,502,487 USD.
  • The 24-hour volume of the DOGE is marked as 45,110,334 USD.
  • The circulating supply stands at 120,385,986,543 DOGE.
  • The ROI (return on investment) is 418.07%.

DOGE to USD Price Comparison:

The chart is taken from TradingView on 17th July 2019 at 05:34:18 UTC.

Dogecoin Price Prediction
Dogecoin Price Chart

Dogecoin opened at $0.003046 on yesterday. The coin kept slipping but at a minimal rate. The major drop was recorded when the coin fell from $0.003062 to $0.002686. The fall was of 12.28%. The coin marked an intraday loss of 10.60%. Dogecoin closed at $0.002729. Today, the coin opened at $0.0027. The coin is maintaining the price at $0.02857.

Dogecoin Price Prediction and Conclusion:

The coin gets affected by the movement of price in Bitcoin. At present, the Bitcoin price is falling. The same is causing the drop in Dogecoin too. We anticipate that Bitcoin will soon start the upsurge. Dogecoin will also be seen walking up with Bitcoin. Hence, the traders are requested to hold the coin tightly. The coin might close the ongoing year around $0.0070. The long-term investors can dig in Dogecoin for higher returns in the future.

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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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