Dogecoin Price Analysis: Dogecoin (DOGE) Price Comes Under Market Pressure; The Coin Suffers Loss
Dogecoin is presently dealing at $0.0029711. The current price drops have broken many momentums, which were stable. The altcoin market is suffering from the beginning of the month. The last two quarters was comparatively better than the current month.
However, Dogecoin isn’t at much loss. If we look at the chart for the last one month, the momentum will astound many. As like Bitcoin, Dogecoin would also come in the category which has the potential to pull up the entire crypto market.
DOGE/USD 1-Month Chart:
The chart is taken from TradingView on 15th July 2019, at 03:31:24 UTC.
Looking at the chart, DOGE opened with an upsurge in price on 14th June. The counters change from $0.002976 to $0.003377 by 13.50%. Later, the coin fell to $0.003377 to $0.002988. The fall was by 11.54%. The coin started rising up with a steady phase. There was another price drop experienced, which took the price to $0.002868 from $0.003485.The regression was of 17.69%. July started at a low pace. The astounding jump in price took place on 5th July. The coin started at $0.003107 and went up to $0.004499. The escalation was of 44.80%. The coin started falling post the hike and could never rise.
|Circulating Supply||120,344,177,903 DOGE|
|24hr Volume||43,356,278 USD|
|Market Cap||436,356,278 USD|
Dogecoin Price Prediction and Conclusion:
Dogecoin price is vastly affected by Bitcoin. Thus, we are not expecting much from the coin. However, we are positive about the future.
However, when you go through Dogecoin Prediction, you will get to know that the coin would be dealing around $0.0070 by the end of 2019. The year after that would bring an astounding change in the coin. The long-term investors can go the coin with a high expectation of return.