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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) indicates a remarkable upsurge when considered from the start of 2019

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Dogecoin (Doge) is currently having a mounting momentum. The upsurge in the coin is due to the positive movement in the market. In the past few days, the movement in Dogecoin was absolutely concurrent to Bitcoin.

Bitcoin opened with a drop but is now recovering back. The coin is at $11,300 and we are expecting that the coin will trade beyond $11,800 by the end of the day. The same would lay a positive impact on Dogecoin too.

Let’s have a look at the YTD chart of Dogecoin (Doge).

DOGE/USD YTD Price Chart:

The chart is taken from Trading View on 12th July 2019, at 05:53:10 UTC for price analysis.

Dogecoin Price Chart
Dogecoin Price Chart by TradingView

The coin has reflected an upsurge in price since the beginning of the year. The coin opened with a price mark of $0.0023. The first few months registered a downfall in price. The price touched a low at $0.0018 in February. Nearing the month of April, the coin jumped by 80.21% from $0.0020 to $0.0036. The coin immediately fell from $0.0036 to $0.0024. The regression was marked as 34.26%. In the month of May, the coin escalated from $0.0024 to $0.0033 by 39.71%. The currency touched the highest at $0.0038, a few days back. The upsurge in price was of 41.02% as the price changed from $0.0022 to $0.0032.

Summary of the Statistics:

  • The current trading price of the coin is $0.00329768.
  • Dogecoin is the 28th position in the crypto market.
  • The 24hr volume of Dogecoin is $37,484,264.
  • The circulating supply has 120,316,437,130 DOGE.
  • The market cap is at $397,956,638.
  • The ROI (Return on Investment) is marked as 491.93%.

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) is expected to rise in the upcoming days. The market is also anticipated to climb up because of the leap in the price. The coin is speculated to touch $0.007 by the end of 2019.

The best-suited investment is a long-term investment. The traders can expect massive outlay.

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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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