fbpx
Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Keeps The Market Alive With Humor And Strong Performance

  • Dogecoin is blessed by communities as well as thought leaders
  • Dogecoin shows an uptrend in the last 30 days, and continuity is on the cards

It’s been over two months that Elon Musk had called Dogecoin his favorite cryptocurrency but seems the market is still not over it yet. Connecting through humor has always been a strong point of Dogecoin, and it has paid off well as the currency has one of the strongest community support as on date. The market data portrays a promising long term future for Dogecoin. It is like the desert to the whole meal of cryptocurrencies by always being fulfilling to the traders.

DOGE Price Statistics:

Dogecoin’s DOGE has shown an uptrend since the beginning of 2019 as well since the onset of May. The coin price moved between the range of $0.0024 and $0.0036 in the past 30 days. As on June 1, 2019, at 07:35:15 UTC, the below trend is noted:

Dogecoin price chart - june 1

 

  • The market cap of DOGE is noted at $416,110,371
  • The price is trading at $0.0034 and 0.00000041 BTC
  • The 24 h volume is now $91,609,475
  • The circulating supply of the coin has reached 119,739,850,499 DOGE, and it is the same as the total supply currently
  • The ROI stands at 522.64%

Dogecoin has shown an upward trend of over 36% in the last one month. In 2019, the highest price of Dogecoin was recorded at over $0.0069, and the lowest went down to $0.0018. The coin was overly bought in mid-May when the price shot up to $0.0036, as shown in the RSI price indicator.

Dogecoin Value Prediction:

Dogecoin has the highest support of communities, and everybody speaks the language of memes these days. It is possible that the coin price increases up to $0.01 by the end of 2019. The coin value was trading at $0.0023 at the beginning of 2019, and although it has not yet traveled a long distance to show tremendous jumps second half of the year will be better. Two years down the line, Dogecoin will be priced between $0.9 and $10.

Conclusion:

Those who have invested in Dogecoin in the past should hold on it till the end of 2019 and those looking for a long-term investment, and this is the best time.

Tags
Show More

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button