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Price Analysis

Dogecoin Price Analysis: Will Dogecoin (DOGE) continue to survive the storm?

The minute you enter Dogecoin on web search, people generally are quoting that Dogecoin is dead! However, it doesn’t mean like that! The supply of Dogecoin is more than 375 million users which are not going to die soon. Even if the dogecoin was facing bearish and bullish behavior every while and then, it doesn’t seem that it will say it goodbyes so soon!

However, DOGE still needs to perform well to acquire better portfolios from the traders. Let’s see if there any better surge in the price movement.

Dogecoin Price Analysis

The value of Dogecoin is trading at $0.003008 at 6:29 UTC time on 11th June 2019. It seems like a drift since yesterday! However, as per the chart, it is still running in a safer zone. The remaining essentials are as follows:

Return on Investment451.49%
Market Ranking29
Circulating Supply119,878,574,722 DOGE
Total Supply119,878,574,722 DOGE
Market Cap$369,419,918
24-Hour Volume$67,807,940

Dogecoin Price Comparison:

DOGE price chart - Jun 11

Comparing the 5 days data of Dogecoin, the lowest of the value was realized on 9th June with value trading at $0.00285 and the highest on 7th June with value trading at $0.003203. The value has increased by 8% from the lowest and dropped by 3.4% from the highest. Traders are waiting for the Dogecoin price to swift in the correct direction for better and more bids simultaneously.

Dogecoin Price Prediction and Conclusion

Predicting Doge to reach $1, again, seems like a myth right now. But it might reach the touch down by the end of 2020. Fingers crossed!

As we discussed earlier as well, Dogecoin is a fragile coin which is dependent on 4 major miners in the network. If the miners remain stable, Doge will eventually become stable too. The slight drift and swelling are expected out of every coin and their values, but Doge has a resistance to survive the drops in the entire market. That might be one of the reasons why the network is becoming stronger these days. The hope must continue that it will survive in the future as well!

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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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