Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Takes a 9% Leap with Intraday Price Movement

Dogecoin has surprised many traders in the market today. The coin registers an escalation of 9% in the trading price. The same could be taken as the sign of an upcoming and awaited upsurge in the market. The market cap of the crypto market is back to $30 billion. Last month, the market slipped to $25 billion. The recovery in the market is terrific.

Talking about yesterday, the coin touched a high at $0.003162 and a low at $0.002936 and the volume recorded was $31,037,239.

Current Statistics of Dogecoin:

The chart is taken from Trading View as on 6th August 2019 at 07:24:43 UTC.

Dogecoin price chart - Aug 6
Dogecoin Chart By TradingView

The coin opened at $0.0029 yesterday. The coin escalated to $0.0031 by 7.36%. Further, the coin dropped from $0.0031 to $0.00290 by 8.19%. The coin touched a high at $0.0032. The coin closed at $0.0030. it recorded an intraday positive change of 5.06%. Today, the coin opened with a drop of 5% as the price counters changed from $0.0030 to $0.0029. Later, the coin recovered yesterday’s drop by escalating to $0.0031 from $0.0029 by 9.21%.

ParticularsDogecoin (DOGE)
Price$0.00305031
Rank29
ROI453.60%
Market Cap$373,059,213
24hr Volume$29,246,332
Circulating Supply120,662,844,826 DOGE

Dogecoin Price Prediction and Conclusion:

For many traders, Dogecoin is an alternative option of Bitcoin. The same is due to the concurrent momentum of both the coins. As per the recent news, Bitcoin is expected to trade around $15,000 to $20,000 by the end of 2019. If the expectation turns out to be true, then Dogecoin would also be seen at some higher digits. The price rally has already seemed to have taken a direction as Bitcoin crosses $12,000. As per our analysis, the coin might touch $0.0070 by the end of 2019. The long-term investment would help the traders draw high dividends.

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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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