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Price Analysis

Dogecoin Price Analysis: Future Looks Good For Dogecoin (DOGE)

Dogecoin is the one such coin among many, which has always followed Bitcoin blindly. The coin jumped and fell with BTC. The same has helped the coin to attract many traders in the market. Bitcoin has recently touched $12,500. The coin attained the said price in November 2018. The same affected Dogecoin at large. However, there was no extreme movement because of the same.

The maximum rise in price in Dogecoin took place when Binance exchange announced the enrolment of Dogecoin. Apparently, the coin jumped to $0.0045 from $0.0031 and marked 40% escalation. Apart from the sudden jump, the coin has shown a remarkable improvement in the price since the last month.

Current Statistics of Dogecoin:

  • The coin is dealing at 0.003367 USD
  • The ROI (Return on Investment) is marked as 532.07%.
  • The 24-hour volume of Dogecoin is noted as 43,354,911 USD.
  • The circulating supply has 120,274,812,489 DOGE.
  • The Market Cap is at 424,796,093 USD.
Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

Looking at the 30-days chart of Dogecoin, the currency reflects an upsurge in price. The coin opened at $0.0029 on 10th June 2019. The coin kept moving upward on the chart with a few highs and lows. There was a major drop in price registered on 27th June, which took the price from $0.0034 to $0.028. The regression marked was of 17.59%. On 1st July the coin opened at $0.0032. The currency registered price drop along with the entire crypto market. The most significant jump was when the price escalated from $0.0031 to $0.0045.

DOGE to USD Price Comparison:

If we compare the current price of Dogecoin, which is $0.003367 with that of the price on 10th June, which was at $0.0031, the progression marked will be noted around 8%. The escalation in price from starting of the month till now is $3.27 as the month opened at $0.0032 and now the price is at $0.003367.

Dogecoin Price Prediction and Conclusion:

Dogecoin is expected to rise on the chart in the coming time. By the end of 2019, the coin might cross $0.007.

The long term investment is the best-suited investment in Dogecoin. The coin will surely bring good outlay of 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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