Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) price pullback takes it to $0.0027

  • Dogecoin (DOGE) takes a hefty drop.
  • The week may not end with a disappointing digit.

Dogecoin (DOGE) has opened with a downtrend today. The coin was seen holding itself at $0.0028 from the last couple of days. Well, along with Dogecoin, Bitcoin (BTC) is slipping down. BTC is dealing at $10,800 (1:11 UTC). The coin was above $11,000 in yesterday’s first half of the day. The same has caused friction in the price of Dogecoin too as they are observed having a concurrent movement. Looking at the current trading scenario, the day is not expected to end with a positive digit.

Current Statistics of Dogecoin:

The chart is taken from Trading View as on 14th August 2019 at 01:45:08 UTC.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

The chart is reflecting a downtrend in the coin. The currency opened at $0.0029 on 8th August. The coin escalated to $0.0030 by 0.48%. On 9th August, the coin dropped by 5.18%, and the price counters changed from $0.0030 to $0.0028. On 10th August, the coin escalated again. The token jumped from $0.0028 to $0.0029 by 2.86%. On 11th August, the coin changed places from $0.00293 to $0.00298. The progression marked was of 1.94%. On 12th August, the coin slipped from $0.0029 to $0.0028. The regression marked was of 4.95%. Yesterday, the fall continued to the extent of 4.5%. The price switched places from $0.0028 to $0.0027. Today, the coin opened at $0.0027. Dogecoin is currently trading at $0.00274.

ParticularsDogecoin (DOGE)
Price$0.00274
ROI403.74%
Rank29
24hr Volume$30,232,018
Circulating Supply120,773,699,189 DOGE
Market cap$339,947,796

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) is often seen having a concurrent motion as Bitcoin. The coin is behaving as per its regular course. The same could give the traders some dullness regarding the upsurge. If we went back to the trading figures a month ago, the coin was trading at $0.0030. Today, the coin is at $0.0027. The two price counters are reflecting a nominal fall. It also reflects that the coin has great potential to grow in the future. We are anticipating that the coin would touch $0.0070 by the end of 2019.

The traders interested in Dogecoin (DOGE) should dig in for a long-term investment plan.

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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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