Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) prices show positive signs for investors

The market is back with the bulls, and most of the coins are climbing. Along with many coins, Bitcoin is also fueling the bulls. The momentum of an upsurge in Bitcoin is fabulous. There are high expectations that the coin may cross $10,000 again.

Dogecoin (DOGE) gets widely affected by Bitcoin. The traders are eyeing for a higher level in Dogecoin too. We are positive that the day would set high counters. The analysis of the YTD chart is indicating that a long-term investment in DOGE would be flourishing.

Let’s have a look at the YTD chart.

Current Statistics of Dogecoin:

The chart is taken from TradingView on 18th July 2019, at 03:24:24 UTC.

Dogecoin Price Chart - 18 July
Dogecoin Chart by TradingView

Looking at the YTD dogecoin chart, we can see a clear escalation in the price of Dogecoin to USD. The coin started at $0.002327. The first month in the first quarter marked regression of 17.06%. The counters changed from $0.002327 to $0.001930. The coin started moving up on the chart. The first quarter ended at $0.002384. The second quarter was power-packed. The quarter opened with $0.002384. April booked profit of 4.81% as the price changed from $0.002384 to $0.002480. Next month, the coin jumped from $0.002480 to $0.003374. The escalation in price was of 36.06%. July was the only month in the second quarter, which closed at a loss. The drop was of 5.40% as the price shifted from $0.003374 to $0.003178. The ongoing month falls in the first quarter. The price movement is not impressive due to the heavy fall. The drop in the coin is by 13% as the coin fell from $0.003178 to $0.002748.

Particulars Dogecoin (DOGE)
Price0.002928 USD
Rank30
ROI424.06%
Circulating Supply120,385,986,543 DOGE
24-hour Volume38,359,141 USD
Market Cap352,528,669 USD

Dogecoin Price Prediction and Conclusion:

Dogecoin profit ratio in the last two quarters was amazing. We are assuming that the magic will continue, and the coin will walk straight up on the chart. For this year, the coin is likely to cross $0.007 mark.

The traders interested in the coin should opt for a long-term plan for a better result.

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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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