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Price Analysis

Dogecoin Price Analysis: DOGE Slips Down; Coin is Expected to Recover in Second Half of the Day

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Dogecoin (DOGE) is currently trading with the bulls. The heavy drop in the coin is because of the heavy fall in the price of Bitcoin. The week was a roller coaster ride for the coin. Most of the week was drenched in bearish, but the coin managed to remain at a level from recovery could be easily done. The mid of the week was good as there was an upsurge in the coin.

Yesterday, the coin touched a high at $0.003368 and low at $0.003207. The volume marked on 12th July was $35,428,239. The market cap of the altcoin market is at $31 billion.

Dogecoin to USD Current Statistics:

The price of Dogecoin chart is taken from Trading View on 13th July 2019, at 10:46:31 UTC for price analysis.

Dogecoin price chart - july 13

Yesterday, the coin opened with an upsurge. The coin changed counters from $0.0032 to $0.0034. The escalation marked was of 4.66%. Later, it reflected a drop of 3.04%. The counters now switched from $0.0034 to $0.0033. The day marked an escalation in price as the opening price was $0.0032 and the closing price was $0.0033. The intraday hike was of 1.45%. Today, the coin opened with a fall. The currency slipped by 4.21% from $0.0033 to $0.0031.

Particulars Dogecoin (DOGE)
Price0.003254 USD
Circulating Supply120,330,355,165 DOGE
24hr volume33,271,184 USD
Rank28
ROI (Return on Investment)482.30%
Market cap391,527,244 USD

Dogecoin Price Prediction and Conclusion:

Bitcoin is currently suffering in the bearish zone in the market. The current price of Bitcoin is $11,300. We have seen the coin touching $13,000 in the last week. The coin anchors Dogecoin too. Hence, as the Bitcoin moves, Dogecoin also concurs the same.

We are anticipating that Dogecoin would hover at $0.0070 by end of 2019. The coin would be the best for long-term investments. The longer time period will help the traders to make huge profits in the coin.

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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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