Dogecoin Price Analysis: Dogecoin (DOGE) Needs To Step Up And Start Surging For New Investors
- Dogecoin slumps by 12% within a day trading at $0.0034
- Dogecoin may seek stronger alliances to up its game
The competition in the crypto world is intensifying every day with new stable coins and customized tokens with strong backing entering the market. The existing altcoins have to define their niche circle of investors and make then stick to the network to maximize gains and mass acceptance. Dogecoin needs to go all in to pull up its socks and change the current market statistics to rising ones.
Dogecoin Price Statistics:
As on July 7, 2019, at 07:36:19 UTC, the price of DOGE token is noted to be $0.003463, and it has dipped by 12% in the last one day from $0.003953 to its current value. The coin started the day on a lower note trading at $0.0033 but has recovered a bit in the last few hours and moving upwards now.
- The Dogecoin price is noted to be $0.0034 and 0.00000031 BTC
- The market cap of the DOGE is now $420,222,730
- The 24-hour volume has been $62,951,954
- The circulating supply of the coin is 120,247,085,334 DOGE
- The ROI of the coin stands at 538.93%
Dogecoin fell as low as $0.003470 yesterday and closed the day trading at $0.003547. It may recover a bit in the coming weeks.
Dogecoin Price Prediction:
Dogecoin may have been growing slowly, but it continues to gain the support of community members and crypto enthusiasts. The coin surged as high as $0.004471 in the last 30 days, and by the end of this month, it may reach this value once again. Since the beginning of this year, Dogecoin is consistently putting immense efforts to establish its ground and getting noticed by major market players. And according to the predictions for Dogecoin, we can claim that the coin may surge up to $0.0075 by the end of the year.
Conclusion:
Investment in smaller chunks is the best possible deal to earn returns from Dogecoin in the short term; however, bulk investments are required for long term gains.
