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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Upsurge Drives Price To $0.0035

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Dogecoin (DOGE) recently has started climbing along the graph. Bitcoin is trading at $11,800. The coin will soon cross $12,000 and beyond, this time to trade persistently.

There is a strong possibility that BTC could be seen trading at $12,500 in the ongoing week. The coin usually affects Dogecoin and many other altcoins to a large extent. If Bitcoin keeps surging, then the price of Dogecoin would also rise. The future of the coin is anticipated to be brighter than ever.

The crypto market also indicates an upsurge in the coming days. However, the last price drop caused heavy turbulence in the altcoins, but soon there would be a heavy recovery as well.

Current Statistics of Dogecoin (DOGE):

The price chart of Dogecoin is taken from Trading View as on 8th July 2019 at 09:39:50 UTC for price analysis.

Dogecoin Price Chart - 08 July

Looking at the 1-day Dogecoin chart, the coin opened at $0.00345 as on 7th July. The coin jumped to $0.0035 from $0.0034 and booked progression of 3.82%. Later, the coin dropped from $0.0036 to $0.0034. The loss marked was of 3.19%. The coin again picked up from $0.0033 to $0.0035 and registered a progression of 6.79%. The day brought a 2.9% profit as the price changed from $0.0034 to $0.0035. Today, the coin opened with a fall. The price counters changed from $0.0036 to $0.0033. The loss booked was of 6.79%. Later, the coin picked up from $0.0034 to $0.0036. The hike in price was of 7.70%.

The coin has registered a loss of 3.41%. from the opening price till now. The current price of Dogecoin (Dogecoin to USD) is $0.0034.

Particulars Dogecoin (DOGE)
Price (USD)$0.003607
Rank29
ROI545.56%
24hr volume$44,405,735
Circulating supply120,260,875,928 DOGE
Market cap$433,805,750

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) will keep rising as it is recently announced by Binance about the coins listing on its exchange platform. The future of the coin is also great. The marketers believe that Bitcoin will anchor the coin. Hence, investment in Dogecoin will bring huge dividends.

We are positive about the growth in the coin. By the end of 2019, the currency will be seen hovering at $0.0075. The token would be dealing at 4%-5% profit by 2022.

The best-suited investment in Dogecoin would be a long-term investment which will bring big outlay in money for the investors.

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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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