Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Experiences Moderate Fall Despite The Hefty Drop In The Market

Dogecoin (DOGE) price trend is falling in the market. The whole crypto market is also going through the same condition. The current market cap of the altcoins is $31 billion. Yesterday, Dogecoin touched a high at $0.003600 and a low at $0.003364. Despite the pale drop in the market, Bitcoin and all related coins were seen plunging including Dogecoin.

Dogecoin has crossed the level and is now ranked at 28th position. The coin broke the level after a long time, and this indicates better long-term gains only if it escalates from the current fall.

Current Statistics of Dogecoin (DOGE):

The chart is taken from Trading View on 11th July 2019, at 04:07:00 UTC for price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

The 30-day chart of Dogecoin is reflecting an upsurge in the price of the coin. Although the hike is not great if we compare with other altcoins in the market. The first upsurge in the coin took the price from $0.0029 to $0.0033, showing a growth of  15.43%. Later, the coin marked an upsurge of 15.01% from $0.0029 to $0.0034.

July opened with moderate movement in price. The astounding upsurge was marked on 05th July, which took the price to $0.0044 from 0.0031, showing a hike of 44%. The rest of the month until now marked regression in the price. However, the coin is currently trading at $0.0032.

Summary of the statistics:

  • Dogecoin current trading price is at $0.003220.
  • The coin is ranked at the 28th position in the crypto market.
  • The 24hr volume of DOGE is $49,244,949.
  • The ROI (Return on Investment) is marked as 476.17%.
  • The market cap is marked as $387,271,963.
  • The circulating supply of Dogecoin is noted as 120,288,603,867 DOGE.

Dogecoin Price Prediction and Conclusion:

Dogecoin is greatly affected by Bitcoin. The current scenario of Bitcoin is not so good. Hence, Dogecoin is also manifesting a price regression. However, there is an anticipation of an upsurge in the price of the coin.

Dogecoin is expected to cross $0.0070 by the end of 2019. The coming years are also assumed to lay a positive effect on the coin. The long-term investments in the coin are quite promising.

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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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