Price Analysis

Dogecoin Price Analysis: DOGE drops with intraday movement, But YTD tells different story

  • Dogecoin (DOGE) price yields 37% profit since the beginning of the year
  • Traders hold high hopes with their investments in DOGE

Dogecoin (DOGE) has surprising profit digits if concerned from the start of 2019 until now. The coin has recently been through a hefty price drop. We were not expecting much from the coin as the market is still dropping. The current month has been quite a disappointment.

The traders who have already invested in the coin must be at a relief. However, the traders who have entered the market in the month of July must be worried about the future. The investors can relax because Dogecoin holds a high prospect of an upsurge in the future.

Let’s have a look at the chart.

Current Statistics of Dogecoin:

The chart is taken from Trading View on 23rd July 2019 at 01:55:51 UTC for price analysis.

Dogecoin Price Chart - 23 July
Dogecoin Chart by TradingView

Dogecoin to USD opened at $0.0023. The coin fell from $0.0023 to $0.0018 by 10.9%. From February to March 2019, the coin jumped from $0.0018 to $0.0025 by 16.65%. April took the price up by 42.18%. The price counter changed from $0.0025 to $0.0030. May hiked the price of the coin from $0.0024 to $0.0034. The escalation was of 37.9%. June took the price down from $0.0034 to $0.0031 by 7.43%. July kept falling from $0.0031 to $0.0029 by 4.87%. The coin has hiked by 37.94% from $0.0023 to $0.0029.

Particulars Dogecoin (DOGE)
Price$0.00296094
Rank30
ROI432.58%
Market Cap$358,464,676
24hr Volume$19,104,219
Circulating Supply120,455,128,640 DOGE

Dogecoin Price Prediction and Conclusion:

The coin is showing surging trends in the market. The downtrend in the market is vastly affecting the movement of the coin. We are quite positive about the growth of the coin. The currency is expected to touch $0.0070 by the end of 2019. The coin is good for long-term investors. The traders in the long-term will be drawing huge profits.

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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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