Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Books Moderate Recovery In Price; Price Rally Would Start Soon

  • Dogecoin (DOGE) points towards a great future.
  • The coin is expected to show a remarkable upsurge in the upcoming time.

Dogecoin seems to be handling the market pressure really well. The current position of Dogecoin is promising than ever. The coin has broken the myth surrounded to it and thus attracting many traders. The investors are gazing at the chart and are quite impressed by the momentum of the coin. The currency is expected to give a promising result in the future. To understand the mechanism of the coin more precisely, let’s have a look at the price chart.

Current Statistics of Dogecoin:

  • The coin is currently trading at $0.0029836
  • The ROI is noted as 414.11%.
  • The coin has marked $346,871,736 as the Market Cap.
  • The 24hr volume is $16,764,835 USD.
  • The Circulating Supply has 120,745,781,355 DOGE.

DOGE to USD Price Comparison:

The chart is taken from Trading View on 12th August 2019 at 04:35:31 UTC for price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

Dogecoin was trading around $0.0029 on 6th August. The day was quite volatile made a 1.14% profit. The price changed from $0.0293 to $0.0297. The coin trembled on 7th August from $0.0029 to $0.0028 by 3.75%. On 8th August, there was not much of a movement. On 9th August, the coin moved from $0.0028 to $0.0029 by 4.24%. On 10th August, the coin slipped from $0.0029 to $0.0028 by 4.34%. Yesterday, the day brought an escalation of 4.64% as the price changed from $0.0028 to $0.0029.

Dogecoin Price Prediction and Conclusion:

Dogecoin usually has a concurrent movement with Bitcoin. Many traders believe that the same has also helped Dogecoin to increase its popularity.

In the coming period, Dogecoin is expected to escalate with a difference. The traders interested in the coin wouldn’t end up in vain if opted to invest. The coin would give the best result to the long-term investors. The coin is anticipated to touch $0.0070 by the end of the year.

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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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