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Price Analysis

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

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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