Price Analysis

Dogecoin Price Analysis: Despite Heavy Drop Dogecoin (DOGE) Price Still Holds the Head High on the 3-Month Chart

  • Dogecoin (DOGE) marks the progression of 13% in 3 months.
  • The investment in Dogecoin (DOGE) would lay positive results on the chart.

Dogecoin (DOGE) reflects a remarkable improvement on the coin despite the hefty fall in price. The coin has shown a great potential to keep up during the downtrend. The same momentum helped the coin to jump a step up in the rank chart (according to coinmarketcap). We are quite positive about the upsurge in the coin. To understand the momentum better, let’s have a look at the chart.

DOGE to USD Price Comparison:

The chart is taken from Trading View on 30th July 2019, 01:06:55 UTC for price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

The three-month chart is reflecting price escalation in the coin. In the month of May, the coin booked a hike of 43.73%. The price counters changed from $0.0024 to $0.0034. There was an upsurge marked in the month which took the price up from $0.0024 to $0.0036. June brought regression at a price. The price changed from $0.0034 to $0.0033. The drop was of 4.78%. July again brought a drop from $0.0033 to $0.0028 by 16.90%. There was a major hike in the price of 32%, which took the price up from $0.0033 to $0.0043.

Current Statistics of Dogecoin:

ParticularsDogecoin
Price0.002817 USD
Rank29
ROI404.17%
Market Cap339,652,844 USD
24hr Volume16,723,309 USD
Circulating Supply120,565,841,757 DOGE

Dogecoin Price Prediction and Conclusion:

The market would be seen climbing up in the coming month. Dogecoin follows Bitcoin momentum and BTC has a high prospect of showing an upsurge. The traders interested in Dogecoin (DOGE) should dig in to book profits. The coin would be most suited for long term investment. It will give the desired results to the traders.

Dogecoin is likely to climb and touch 0.0070 USD by the end of 2019. The coming period looks brighter for investment purpose.

Tags

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.
Event Information
Event Information
Back to top button