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Price Analysis

Dogecoin Price Analysis: DOGE Might Surprise Everyone. The Journey Has Begun Already!

After the sudden upsurge in the DOGE movement on May 30th and 31st, it can surely catch the eyes of the crypto followers. People seem to buy the MEME coin after all! If at all, DOGE surprises everyone, it will be announced to the world. People are using #DOGE to create MEMEs and giggle with other users, but can it change the tweets to some real core discussions? Will DOGE surprise any of us?

Well, only time can tell about the same. Till then, let’s look at the price analysis.

Price Analysis of Dogecoin on 7th June 2019:

Dogecoin Price Chart - 7 June

At 9:57 UTC, the value of DOGE is trading at $0.003107 on 7th June 2019. The market ranking of Doge in positioned at number 29. The value of market cap for Doge is $372,878,076. The Return on Investment for Doge is 456.91%. The 24-hour volume of Doge is valuing $74,431,983. The circulating supply of the coin is the same as the total supply of the same, which is 119,823,148,707 DOGE.

DOGE Price Comparison:

Year to Date Chart

Dogecoin Price Chart - 7 June

Since the beginning of the year, Doge has switched its inking from below the baseline to above the baseline with green inking now. The year started with value trading at $0.00242. The value since then has increased by 29%. The value is fluctuating towards the upward direction from 2 days now. So does that mean a positive upward surge for a longer clock? However, it can only be confirmed till the daily trend analysis.

One Month Data

Dogecoin Price Chart - 7 June

The lowest for one month was realized on 9th May when the value was trading at $0.002431. The value is increased by 27%. Seems like a good surging trend. Doge is increasing the attention in the trend, and users are catching the trend of Doge these days. How will it continue?

DOGE Price Predictions and Conclusion:

With the trend moving upwards from 2-3 days, the market is bullish, and the users are catching the updates. However, the tweets are already talking about the upward trend of Doge, but the increasing supply of Doge seems that users are switching to Doge.

We all are hoping for a quick jerk or big fat news that will definitely state whether Doge can really bring wonders to the investors or not!

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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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