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Price Analysis

Dogecoin Price Analysis: Despite 4% fall Dogecoin (DOGE) climbs a spot

Dogecoin (DOGE) has tried making a price recovery. The coin is slowing climbing to prove to be a big competition for the other altcoins in its range. Bitcoin is the anchor and the influential coin of the market.

Hence, the activities taken place in Bitcoin is sooner or later reflected in Dogecoin too. Apparently, Dogecoin’s sudden upsurge was because of Bitcoin, as and when it crossed $13,000.

As there are rumors about Bitcoin creating history in 2019, we are positive that Dogecoin will also be seen trading with a big number soon.

Current Statistics of Dogecoin (DOGE):

The price chart of DOGE is taken from Trading View on 11th July 2019, at 10:42:05 UTC for price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart

Today, the coin opened at $0.0032 and jumped till $0.0033, showing a growth of 4.09%. Soon, the level was breached, and the coin fell down to $0.0033. This time the fall was crucial as the counters marked are by 9.78%. The coin was further floating at $0.0032 and still at the same level. There is not much expectation from the coin to rise today.

Summary of the statistics:

  • The current trading price of the coin is $0.0030
  • The coin is at the 28th position in the crypto market.
  • The market cap is at $386,377,178.
  • The ROI of Dogecoin is 474.78%.
  • The circulating supply has 120,302,510,051 DOGE.
  • The 24hr volume is at $50,492,199.

Dogecoin Price Prediction and Conclusion:

The price of Dogecoin is slipping on the intraday chart. The same would continue for the rest of the day, as there is no sign of improvement. The coin will once again rise towards the weekend and keep moving up.

The token is anticipated to cross $0.0070 by the end of 2019. The long-term investment looks promising. We would recommend the interested investors to enter the coin for a long-term time frame.

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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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