Price Analysis

Dogecoin Price Analysis: DOGE Price Registers Moderate Loss Since Last Month

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Dogecoin price has been showing a downtrend but with a moderate plunge. The same momentum is a sign of high potential coin. The entire market has experienced a blow in their heart in the ongoing month. There were high expectations that the third quarter would bring another upsurge, but nothing came true.

However, the drop isn’t continuous. There would be a time when the market will bounce back and register an extraordinary upsurge. Dogecoin is likely to join the bandwagon of the most result giving coin.

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Dogecoin to USD Price Comparison:

The chart is taken from TradingView on 25th July 2019 at 05:15:36 UTC.

Dogecoin Price Chart - 25 July
Dogecoin Chart by TradingView

Dogecoin opened at $0.003304. The currency slipped from $0.003304 to $0.002948 by 10.75%. The coin started moving up and experience the major upsurge in price on 5th July 2019. Dogecoin jumped from $0.00311594 to $0.0045078 by 44.67%. Then the Dogecoin price started slipping. From 17th July the coin kept it tight around $0.0032 mark.

Current Statistics of Dogecoin:

Particulars Dogecoin (DOGE)
Dogecoin Price 0.002822 USD
Rank 30
ROI 429.71%
Market Cap 356,295,341 USD
Circulating Supply 120,496,711,199 DOGE
30 Day High / Low 0.004471 USD / 0.002772 USD

Dogecoin Price Prediction and Conclusion:

The market is not expected to rise in this month. The ongoing downfall has taken Dogecoin to $0.002822, and if we compare with the opening price during the beginning of the month, there is not much difference noted in the coin. The currency has a high potential to stay put in the market. Dogecoin price might touch a high at $0.0070 by the end of 2019.

The investors can dig in with a long-term plan. The said period would give a high ROI.

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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