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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Is Again Under The Market Pressure

Dogecoin was seen maintaining itself in the last month’s massive drop. However, the currency fell on the ongoing month’s price drop. The fall is tremendous and hence affecting the traders. The investors in the coin are losing hope. Well, the DOGE has a high probability of bringing the upsurge in the market.

Current Statistics of Dogecoin:

  • Dogecoin price is trading at 0.002811 USD.
  • The ROI is marked as 387.18%.
  • The 24-hour volume stands at 20,601,965 USD.
  • The Market Cap of the DOGE is 329,003,242 USD.
  • Circulating Supply is at 120,856,641,083 DOGE.

DOGE to USD Price Comparison:

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

Dogecoin felt a pullback in price a month ago on 21st July 2019. DOGE price slipped by 15.80% from $0.003192 to $0.002691 in three days. Later, Dogecoin price escalated from $0.0026 to $0.0030 by 13.30%. The price dropped by 12.05% in 10 days and closed the month at $0.002808. Dogecoin opened the month with a 13.60% of hike and took the price from $0.002808 to $0.003183. The coin started falling thereafter. The major DOGE price fall was registered from 12th August to 16th August. The price changed from $0.002991 to $0.002476 by 17.46%. In 20 days, Dogecoin registered an overall fall of 1.09% as the month opened at $0.002808 and is now dealing at $0.00281190.

Dogecoin Price Prediction and Conclusion:

DOGE is dealing at 29th position in the crypto market. Last month, it was at the 30th rank. Despite the fall, the coin managed to improve the Market Cap. This is a clear indication of the high prospect of the coin. The traders, who have dealt in Dogecoin, must be aware that the coin has never failed the expectations of the investors. Dogecoin would be best suited for long-term traders.

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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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