Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Price Slips; Expected To Recover Towards The Second Half Of The Day

Dogecoin (DOGE) is surprisingly not acting as per the expectations. The coin has always followed the trend and surprised us with its tremendous potential. The current scenario leads to a pale trading day amongst the traders and the investors.

However, the king of the crypto market, Bitcoin (BTC) has started recovering with its intraday movement. We are quite positive the same change would help Dogecoin (DOGE) to bounce back. The market is also anticipated to witness a price rally in some time. The currency has never failed to surprise its investors, and we are positive that this time also it would help the traders to draw colossal return once it surges again.

Current Statistics of Dogecoin:

  • The current trading price of the coin is $0.002951.
  • The coin is the 29th coin in the crypto market.
  • The 24hr volume of coin is marked as $22,053,749.
  • The market cap is noted as $350,124,920.
  • The circulating supply is around 120,704,174,398 DOGE.

DOGE to USD Price Comparison:

The chart is a data feed taken from Trading View as on 10th August 2019 at 03:12:41 UTC.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

The chart is reflecting a moderate movement of the coin. On 8th August, the coin opened with a downtrend. The price fell by 5.5% from $0.0029 to $0.0028. Further, the fall continued and took another dip of 7.35%, which took the price to $0.0027 from $0.0029. The day closed with an escalation of 10.24%. The price counters changed from $0.0027 to $0.0030. Yesterday, the coin again opened with a downtrend. The slip was of 6.13%. The price switched from $0.029 to $0.028. For the rest of the day, there was a slight upward movement. Today, the pattern is again repeated. The coin slipped from $0.002979 to $0.002831 by 5.01%.

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) is expected to rise at some time. The coin has also reflected a great potential in the past, which made the investors believe in the investment of the coin. We believe that Dogecoin would be seen trading at $0.0070 by the end of 2019. The coin is recommended for long-term investors. The long period would bring huge dividends to the traders.

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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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