Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Price Escalation Takes The Price To $0.0030

Dogecoin (DOGE) price is reflecting a recovery in the weekly chart. The coin has experienced a massive bump in the last month. The current momentum of the coin is appropriate, and that leads to having high expectation from the coin. This would be the perfect time for the investors to dig in to lock profits.

The ongoing and the upcoming months hold a lot of hope. We are speculating that the coin would take the price up at an astounding level. To understand the momentum of the coin more precisely, let’s have a look at the price chart.

Current Statistics of Dogecoin:

  • The current trading price of the coin is at $0.00303461.
  • The ROI of Doge is 451.58%.
  • The market cap stands at $371,893,990.
  • The 24hr volume is marked as $30,176,777.
  • The circulating supply has 120,662,844,826 DOGE.

DOGE to USD Price Comparison:

The below chart is a data feed from the TradingView as on 6th August 2019 at 03:19:05 UTC.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

The month opened with a trading price of $0.0029. The first day brought an escalation of 2.79% as the coin closed around $0.0030.

On day 2, the coin changed counters from $0.0030 to $0.0028 and plunged by 5.74%.

Day 3, the coin reflected volatility on the chart. The price shifted from $0.0028 to $0.0029 by 3.41%.

Day 4, the increase was of 1%. The coin switched from $0.00293 to $0.00297.

Yesterday, the coin continued to climb. It noted a positive 5.06% change where the coin opened around $0.002938 and the closed around $0.003087.

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) is expected to rise with a huge difference as compared to the current trading price at some time. The escalation would change the game of Dogecoin in the market. The potential investors who are interested in the coin should swim in the pool as this is the right time. In the coming years, the coin could deal at a 4% – 5% profit. By the end of 2019, the coin would touch $0.0070. The traders should plan for long-term investment to earn a high return on investment.

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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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