Price Analysis

Dogecoin (DOGE) Price Analysis: Will Dogecoin Cross the 0.0050 USD Mark in the Next 30 Days?

  • Coinbase listing is a stepping stone for the Dogecoin currency holders
  • Dogecoin is a harmless cryptocurrency growing with the immense support of communities

These days whatever is unique becomes trending in only a matter of seconds and the whole world is understanding & accepting the language of memes. Dogecoin emerged in 2013 after forking from Litecoin though the viral internet meme. Since then, the currency took small steps to gain popularity by rewarding the contributors on Twitter & Reddit and now it has a very strong user base, which supports the currency wholeheartedly. The recent Coinbase listing has brought the element of seriousness and made the coin a tough competitor for other trading currencies. The market position is also strong.

Current Statistics

  • Dogecoin is ranked at the 30th position in the top 100 cryptocurrencies list by the CoinMarketCap.
  • The ROI of the coin stands at 416.79%.
  • The circulating supply of the coin is now 119,614,796,906 DOGE, and the total supply is also the same.
  • The market capital of the coin has reached $346,589,172 as on May 23, 2019, at 13:59:00 UTC.
  • The price of DOGE is trading at $0.0028 & 0.00000038 BTC.
  • The 24 h volume is now $60,760,992.

dogecoin

Comparison

In the last 30 days, the price of Dogecoin has moved between $0.0035 and $0.0024. The highest value of the coin was noted at $0.0033 and the lowest at $0.0028 in the last 7 days. As on April 28, 2019, at 23:34:00 UTC, the market cap of the coin was $302,591,163. The price was noted at $0.0025 & 0.00000048 BTC. The 24 h volume is now $26,142,629. There has been an upward trend of over 12% in the past one month.

Dogecoin Price Prediction till 2022

Dogecoin price has started to fall again after showing a considerable rise with the raging bull run of Bitcoin a week back. The all-time high of Dogecoin at $0.018 seems to be a far off dream as the coin has not yet crossed $0.0050 mark. The team is working on bringing new partners on board. This can lead to an increase in the price of the coin and reaching up to $0.009 by the end of 2019. In the next 3 years, Dogecoin should be able to cross the $1 mark.

Conclusion

Dogecoin has the support of millions of community members, and hence, it will be able to sustain the tides of cryptomarket. Investment in Dogecoin is a good move.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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