Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Need Some Powerful Backup For Better Sustainability

Dogecoin, seeing the moment from a couple of days, provides no much of a difference of momentum in the value. Not only Dogecoin but to our surprise, many altcoins are not able to speed up to the expectation in terms of development and value in the market.

However, the attention is generally shared by the top 10 coins, but many traders are adding other altcoins in their portfolios as well. Speaking of the same, Dogecoin is definitely one of the most talked about and popular crypto after the top 10 of the market.

Statistics From Dogecoin Price Chart:

Dogecoin Price Chart - 17 June

At 4:54 UTC, the Dogecoin price was trading at $0.03121. The Return on Investment of Doge is calculated around 475.89% ranking the coin at number 29 in the market. The market cap value of DOGE is 386,027,060 USD, with 24-hour volume calculated at 68,335,026 USD. The total and circulating supply of the coin is the same with several supplies at 119,961,669,701 DOGE.

Dogecoin to USD Price Comparison:

Considering the trends from the past few days, it seems that right now the trend is followed on the upward surge. However, the value is still trading on the edge of the baseline, which means that the Doge market is not entirely bullish as of now!

After the lowest touch down of $0.002927 on 14th June, the value now has increased by 6.5%. The highest reached the trading value of $0.003376 on 16ht June. The value now has decreased by 7.6%. This means the average is stretching below the baseline.

We are hoping for the market to surge upwards for a better look out of the value of DOGE.

Dogecoin Price Prediction and Conclusion

Right now, it is a desperate time for the coin to come up and announce some major partnership with the firms for the coin to attract more users. However, as wrote before, DOGE definitely has increased in terms of popularity in altcoins, but it still needs some powerful backup for the traders to stick with the coin for a long term capital commitment.

Is the value gone reach to 0.01 USD by the end of 2019? As of now, it seems to be far away from reality! It might reach $0.005 by the end of 2019.

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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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