Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Price Upsurge Begins; Month is Expected to End on a Good Note

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Dogecoin price, including the entire market, has suffered a lot in the ongoing month. The coin was moving up in the June month with perfect price momentum. The currency is always found having a concurrent trend with Bitcoin in the market. Hence, the coin has attracted many investors and traders in the network towards itself.

The future of Dogecoin (DOGE) is bright, and the investment in Dogecoin wouldn’t go futile. We are positive about the prospects that the coin holds. To understand the coin better, let’s have a look at the price chart.

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Current Statistics of Dogecoin:

The chart is taken from Trading View on 27th July 2019, at 06:30:49 UTC for price analysis.

Dogecoin price chart - july 27
Dogecoin Chart By TradingView

Looking at the chart, the coin was trading at $0.0034 on 28th June. It recorded a downtrend by the end of June where the price counters changed from $0.0034 to $0.0031 by 7.78%. At the onset of July, the coin manifested an upsurge in price by 42.23%. And it jumped from $0.0031 to 0.0044 USD. There was a regression of 31.46% marked in the coin from 0.0044 USD to 0.0030 USD. There was another drop in the coin where the coin slipped from $0.0030 to $0.0033 by 11.51%.

Particulars Dogecoin (DOGE)
Price $0.00292502
Rank 30
ROI 428.79%
Market Cap $356,121,831
Circulating Supply 120,524,277,665 DOGE
24hr Volume $19,393,309

Dogecoin Price Prediction and Conclusion:

Dogecoin got enrolled at the platform of Binance exchange which has opened a new horizon for the coin. However, the coin couldn’t perform well after getting enrolled because of the market pressure. We are positive that coin would soon come out of the pullback and shine. The coin is expected to touch $0.0070 by the end of 2019. The traders should opt for a long-term investment with Dogecoin.

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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