Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Price Reflects a Positive Sign For an Upsurge in The Future

Dogecoin (DOGE) has started the second month of the third quarter. The coin is reflecting an upsurge in the price. The coin had a power-packed ride during the last month. The entire crypto market was seen suffering on the chart. Some big forces of the market were also seen slipping down the chart.

Despite the heavy downtrend, Dogecoin wasn’t seen registering much difference. Usually, the coin with high future prospect reflects such potential in the chart. We are positive about the coin’s future in the market. The investment in Dogecoin (DOGE) won’t go futile.

DOGE to USD Price Comparison:

The chart is taken from Trading View on 2nd Aug 2019, at 10:36:59 UTC for price analysis.

Dogecoin price chart August 02
Dogecoin Price Chart by TradingView

The coin is reflecting a positive sign on the chart. Yesterday, the coin opened at $0.0029. Most of the day, Dogecoin (DOGE) was dealing around $0.0029. There was a major movement in the coin during the closing hours. The coin escalated from $0.0028 to $0.0030. The hike was of 7.90%. The coin tried to close with a positive sign but registered a loss of 0.39%. The closing price was around $0.0029. Today, the coin opened with an upsurge of 3.41%. The price counters changed from $0.0029 to $0.0030. Later, the coin dropped to $0.0028 from $0.0030. The regression was of 6.99%.

Current Statistics of Dogecoin:

ParticularsDogecoin (DOGE)
Price$0.002943 USD
ROI426.67%
Rank29
Circulating Supply120,607,432,602 DOGE
Market cap$354,933,460 USD
24hr Volume$19,497,232 USD

Dogecoin Price Prediction and Conclusion:

The coin would be seen walking upon the chart once again. The currency reflects a high prospect of profit in the coming years. The traders who are interested in the coin should dig in now as it would be the perfect time to purchase. The coin would give the best result for long term investors. The short term could be less result yielding. By the end of the year, the coin would be seen hovering around $0.0070. Towards the beginning of 2022, the coin could be seen dealing around $0.0140.

 

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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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