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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Proceeds With Intraday Recovery

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Dogecoin (DOGE) is surprisingly walking upwards in the market when most of the coins are sinking. The major reason for the uptrend in the coin is Bitcoin and its trend at present. On the other hand, many coins are plunging as well and remain ineffective by the BTC price movement.

Bitcoin has already mounted as high as $13,000 and even beyond today. The same will take Dogecoin to a significant price in the market. The coin is anticipated to be trading at a higher price than expected. Bitcoin and Dogecoin have attained the same pattern, which was noted during the starting of July. Later, the coins were seen trading at a whole new level.

The current pattern of Dogecoin also reflects that there is a lot of potential in the coin. The token will see a big day in terms of prices in the nearest future.

Current Statistics of Dogecoin:

The chart is taken from Trading View on 10th July at 10:09:54 UTC for price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart

Yesterday, the coin opened with an upsurge in price. The counters were changed from $0.0034 to $0.0036. The progression was of 4.96%. Later the coin fell from $0.0035 to $0.0033. The regression noted was of 6.96%. The coin closed with a negative sign and 1.54% loss. Today, the coin is experiencing a roller coaster day. The coin opened with an upsurge of 7.95% as the coin climbed from $0.0033 to $0.0036. Later, the coin dropped from $0.0036 to $0.0033. The loss marked was of 7.01%. The coin has again climbed and dealt at $0.0036.

Summary of the statistics:

  • The current trading price of Dogecoin is $0.00364953.
  • DOGE is ranked at 29th position in the crypto market.
  • The circulating supply stands at 120,288,603,867 DOGE.
  • The 24hr Volume in Tron is marked as $43,316,893.
  • The market cap is at $428,132,912.
  • The ROI (Return on Investment) stands at 536.97%.

Dogecoin Price Prediction and Conclusion:

Since Bitcoin has again started with its surging trends, the market is expected to follow the same soon. Apparently, Dogecoin would be seen trading with a higher volume during the same time. By the end of 2019, the coin is anticipated to float around $0.007. The coming years will take the coin up by 4%-5%.

We would recommend long-term investment in Dogecoin for drawing better dividends than the present time.

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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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