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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Market Cap Crosses $375 Million

  • Dogecoin (DOGE) has reached 375 million USD worth of market cap.
  • The bullish 2019 prediction places the coin at 0.5 USD.

Elon Musk’s favorite coin, Dogecoin, has been making good progress in the market over the last few months. Recently this coin has been rated B by FCAS metric. The rating shows the coin’s credibility in the market. This rating also could strengthen the confidence of new investors on Dogecoin. But a recent noteworthy incident has happened with Dogecoin to respect its market cap. Except for the one instance of the April market boom, the coin’s market cap has never crossed 375 million USD. The April market boom has pushed the market cap of Dogecoin to the maximum figure of 473 million USD. But recently, when the coin has gone past the price correction phase, Dogecoin value has touched 350 million USD market cap point. This is just an indication of the future course of the coin. We predict the value of each Dogecoin to be around 0.5 USD to 0.7 USD by the end of this year. Let us look at the current figures of the coin.

Dogecoin Price Chart-

dogecoin price chart - may 29

Dogecoin Price Current Statistics-

Dogecoin (DOGE)29th May at 01:14 UTC
Rank29
Circulation Coins119,698,121,018 DOGE
ROI (Return on Investment)461.45%
Market Cap375,481,238 USD
Price in USD0.00323017 USD
Price in BTC0.00000036 BTC
24h Volume in USD69,530,062 USD

Dogecoin Price Comparison-

Dogecoin (DOGE) is one of the few coins which have started falling right after the onset of 2019. The lowest point of the coin was on 06th February when the coin was on 0.00184280 USD. However, by the end of March, the coin started showing huge strength. It reached its highest level of the year at 0.00372597 USD after gaining 79.25% in just five days. The market cap on 29th April was 297,274,764 USD, and the value of each coin was 0.00257534 USD. The current market cap and the value of each Dogecoin are respectively 26.30% and 25.42% more than the figures for last month.

Dogecoin Price Prediction-

As mentioned earlier, we predict a bullish future for Dogecoin. By the end of 2019, the coin should easily get its value around 0.5 USD to 0.7 USD. The market cap can easily go past the highest point of the year, which is 473 million USD. Our prediction goes with at least 700 million USD market cap.

Conclusion-

There is no time better than this for being a part of Dogecoin’s growth story. The coin will give huge profits of the holdings will be of longer-term, and the investors are advised to be cautious of the sudden price changes.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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