Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Price Suffers From A Heavy Downfall

Dogecoin was known for its stability and momentum. Yesterday, Bitcoin fell and touched $9000 mark. BTC price was $13,000 in the last week. The heavy downfall in Bitcoin has vastly affected the Dogecoin.

However, there is a strong indication that the Dogecoin price would soon recover as an upsurge in Bitcoin is around the corner. The traders can rely on the coin for future gain.

Current Statistics of Dogecoin

  • Dogecoin price is trading at 0.00272491 USD.
  • The Market Cap of Dogecoin stands as 338,286,887 USD.
  • The ROI is marked as 402.95%.
  • The 24-hour Volume is at 42,398,666 USD.
  • The circulating supply has 120,372,020,064 DOGE.

DOGE to USD Price Comparison:

The chart is taken from TradingView on 17th July 2019 at 03:17:42 UTC.

Dogecoin Price Preditcion
Dogecoin Price Chart by TradingView

Looking at the Dogecoin chart, the coin is reflecting a slight drop in the price. The coin was dealing at $0.003183 on 18th June 2019. Then, DOGE booked a moderate hike in price by the end of June. The coin closed at $0.003275. The escalation was marked as 2.89%. July was a disappointing month for the coin. The fall in price was recorded at 16.74%. The coin opened at $0.00327 at the beginning of the month. The current price is at $0.00272.

Dogecoin Price Prediction & Conclusion:

DOGE has often astounded many by its momentum. Most of the marketers give the credit to Bitcoin as because of BTC, DOGE has collected the acclaim. The future of Dogecoin is also fine. The coin is speculated to hover at $0.0070 by the end of 2019.

The coin would be best suited for long term investors. The traders of the said term would be seen drawing huge returns.

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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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