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Price Analysis

Dogecoin Price Analysis: DOGE Moving Gradually! Will the MEME Coin Surprise Everyone?

When all the cryptocurrencies, altcoins and investors were affected by the dip of Bitcoin when it was pushing towards $9000 but soon enough, dropped to 4%. Other coins were affected by the same dip. However, Dogecoin is gradually moving in the upsurging direction. What does that really mean? Are we going to see some real action and profits with Dogecoin? Elon Musk, technology entrepreneur and engineer seem to be impressed by the networking of Dogecoin as well!

What does that mean? Is it going to shift the interest of traders?

Dogecoin Price Statistics – 3rd June 2019:

Dogecoin Price chart

  • At 5:19 UTC time on 3rd June 2019, the value of Dogecoin is traded at $0.00329 and $0.00000039 BTC.
  • The market ranking is positioned at number 28.
  • The market cap is valued at 405,192,234USD with 24-hour volume at 72,820,052
  • The ROI of Dogecoin is realized at 505.46%
  • The circulating supply of Doge is 119,767,512,840 DOGE, which is the same as the total supply.

Dogecoin (DOGE) Price Comparison:

dogecoin Price Chart

Dogecoin, even after getting popularity as MEME coin, traders are surely impressed with the circulating supply of the coin in the market. And thus, referring to short term investment can be a good beginning.

Analyzing the data from past one month, there were highs and lows, but the value today is traded between resistance and support level. From the lowest seem on 9th May, the value has increased to 37%. After the highest, on the other hand, seen on 30th, the value is dropped by 8%. But the values are under the resistance/support cycle.

You might want to consider Dogecoin for some short term investment profits.

Dogecoin Price Prediction and Conclusions:

The rumor reached to all the ears where are people questioning if the coin will even last by this year end? However, with the gaining popularity of Dogecoin and circulating supplies, Dogecoin might surprise everyone soon.

The gradual surging in the value is talking something about the coin. Dogecoin might improve ranking and value soon. Well, of course, reaching $1 is still not possible by the end of this year, but it’s too soon to predict the same for 2020. It might or might not! Only time will tell.

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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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