Price Analysis

Dogecoin Price Analysis: Can Dogecoin (DOGE) Go Beyond $0.004 Again?

Dogecoin movement in the chart was not like any other cryptocurrency in the market. While the Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and many others were floating high, Dogecoin developed its own pace and momentum in the market.

Earlier this week, Dogecoin broke the resistance level of $0.0035 and touched a high at $0.003556. The coin soon came under the selling pressure, but the movement of price indicates that the coin will soon cross $0.004 again.

Analysts believe that Dogecoin has the potential to deal with fall and move towards a new high in the coming future.

Let’s have a look at the stats of Dogecoin.

DOGE Price Statistics:

Dogecoin price chart - june 2

  • The coin is presently the 28th largest coin in the market.
  • The price of Dogecoin is 0.003413 USD.
  • The ROI stands at 510.87%.
  • The circulating supply of Dogecoin is marked at 119,753,740,649 DOGE.
  • In the last 24hr, the volume of Dogecoin was 84,577,855 USD.
  • The market cap stands at 408,763,869 USD.

The above chart is taken on 2nd June 2019, at 09:01 UTC for Dogecoin price analysis as the chart reflects that the price of the coin has tried to cross $0.004 three times in the past three months. Out of which on 4th April, the price could reach the desired point. The coin couldn’t maintain the high and fell tremendously. However, within 41 days, the price again picked up and touched $0.0036. On 30th May, the price was marked at $0.0035. The movement of the graph is reflecting that the price has maintained itself between the price of $0.0032 and $0.0036.

If we compare the last month’s price with that of now, it will give a more precise picture of Dogecoin. On 7th May 2019, the price of Dogecoin was at $0.0026, and as on 2nd June 2019, at 09:10 UTC, the price is at $0.0034. The progression in price was marked by 30.76%.

Dogecoin Price Prediction:

Dogecoin has maintained its slow but progressive movement in the market. The coin started at $0.0023 in 2019, and now it is at $0.0034. Although the coin hasn’t traveled a long distance in terms of price, we still think that investment in Dogecoin wouldn’t go futile.

By the end of 2019, Dogecoin is likely to touch $0.01, and in the coming years, it might go up till $0.05.

Conclusion:

People looking for a sure shot in long term investment can think about Dogecoin. The currency has a stable movement in the price graph and doesn’t get caught in the Bitcoin anchor too.

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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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