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Price Analysis

Dogecoin’s Exceptional Jump Takes the Price to $0.0026

Dogecoin (DOGE) was seen dealing with the bear in the last couple of weeks. There were some anticipations of upsurge, but it all looked farfetched to the traders. Well, the uptrend has finally landed and it has taken the price back to where it started the month. 

The market cap is at 317,537,796 USD. Dogecoin was last seen at this market cap on August 27, 2019. The traders can opt for Dogecoin as it wouldn’t go futile. 

Dogecoin to USD Price Analysis

Yesterday, Dogecoin started dealing at $0.00246. The price escalated later from $0.002346 to $0.002557 by 9.17%. Further, there was another jump which took the Dogecoin price to $0.002660 from $0.002455 by 8.23%. The day closed at $0.0026 with 7.50% intraday escalation. Today, the DOGE price seems tight around $0.0026 mark. We are expecting the DOGE to touch another higher within the day.

Dogecoin price chart
Dogecoin Price Chart by TradingView

Dogecoin usually follows Bitcoin (BTC) on the chart. Well, the price chart is reflecting a different scenario today. Bitcoin is moderately falling, but Dogecoin is touching high scores. The rest of the day is likely to be full of surprises. The market cap of Dogecoin is noted as $318,204,166. The 24-hour volume is marked as $39,058,327. The ROI stands at 381.15%. 

As per the current price trend and our analysis, we would recommend the traders to go for long-term investment in Dogecoin. The specified period would give investors a positive result. We would also suggest diversifying the investment to cut short the risk involved. 

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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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