Just hearing the name Dogecoin makes people giggle, at least that’s what it is good for! However, with the periodic update, it seems to lie Bitcoin might not quit anytime soon. The value might be surging downwards, but it is surely gaining attention from everywhere. And maybe that was enough for the traders to move their attention to the supply of Dogecoin. With the supply touching the skies, there is no chance that Dogecoin will Dive out of the race very soon.
But till when is the question here. Let’s understand whether the price analysis is syncing with the growing popularity of Dogecoin or not.
Dogecoin Price Analysis on 5th June 2019
At 8:35 UTC, the value of Dogecoin was trading at $0.002971 (seems like an upsurge after yesterday). The Return on Investment of Dogecoin is calculated at 445%. The ranking in the market is positioned at number 28. The market cap value of DOGE is USD 364,896,862, followed with 24-hour volume at USD 76,148,466. No matter if users call it as MEME coin, it is still gaining the attention from investors with total and circulating supply of 119,795,233,841 DOGE.
Comparing the charts from the past five days, right now, you might want to decide on buying the coin right now, as the value is trading below the baseline. The trend is expected to move towards an upward direction. The highest in 5 days was seen on 1st Jun at $0.003521 from where the value is dropped to -13%. The lowest was realized yesterday with the value trading at $0.002877 from where the value is increased by 6%. Short term investment can bring some fruits for the investors in Dogecoin.
It might be a good option to stick to short term goals, as Dogecoin might surprise in the future if at all, it follows the upward trend for a good time.
Dogecoin Price Prediction and Conclusions:
One cannot ignore the increasing number of suppliers of DOGE in the market, which is increasing the popularity anyways. It is being tweeted by major leaders of Cryptocurrency, and gradually Doge is becoming favorites of many! All fingers crossed and eyes on the news!