Price Analysis

Dogecoin Price Analysis: Dogecoin’s (DOGE) Moderate Movement Hikes the Expectation of Recovery

Dogecoin (DOGE) is majorly affected by Bitcoin price momentum. The coin moves blindly on the path and probably because of this; Dogecoin has shown certain improvement. The traders interested in Dogecoin (DOGE) must have noticed that the currency has maintained the momentum during the downfall of the market.

Along with that, Dogecoin is also listed with Binance coin which has provided a whole new dynamics to the coin. The coin is now more approachable than before. Let’s have a look at the price chart.

Current Statistics of Dogecoin (DOGE):

The chart is taken from Trading View on 30th July 2019 at 08:32:05 UTC for price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart

Today, the coin started with an upsurge. The escalation was of 3.45%. The price counters changed from $0.0027 to $0.0028. Later, there was a drop in price, which took DOGE to $0.0027 from $0.0028 by 4.61%. The coin is at $0.0028, with an escalation of 3.35%. Yesterday, the coin was seen moving till $0.00289 from $0.00286. The progression marked was of 1.21%. Later, the coin dropped by 5.51% from $0.0028 to $0.0027. The coin closed at $0.0027. The regression was of 3.62%.

Current statistics of Dogecoin:

  • The price of the coin is at 0.002834 USD.
  • The ROI stands at 407.15%.
  • The market cap is noted at 341,664,442 USD.
  • The 24hr volume is marked as 16,275,184 USD.
  • The circulating supply has 120,565,841,757 DOGE.

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) has marked an astounding momentum in the chart lately. The price drop has filtered quite a few futuristic coins which maintained themselves during the fall. Dogecoin is also expected to show an extraordinary movement when the market will recover out of the downtrend. We are expecting that the coin might touch $0.0070 by the end of 2019. The long term investment plan will best with Dogecoin (DOGE). The short term is also fine but wouldn’t be as flourishing as the long term.

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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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