fbpx
Price Analysis

Dogecoin (DOGE) Price Analysis: It Seems Like Investors Are All Confused Regarding Spending On Dogecoin

Its high time for the investors to decide whether to spend on DOGE or not. DOGE though participated in yesterday’s massive bull trend, but it cannot hold on to the same and underperform to a great extent. According to the crypto analysts. Dogecoin is currently losing to its competitors and is not gaining any strong support resistance that can revive its value back. If one has a look at the DOGE chart which will be put below, he can see that its investors are losing interest for this crypto because the consistent ups and downs clearly indicate that people are pumping and dumping this simultaneously at the same time.

When investors are asking about any hopes of positivity from this crypto, then, there is less chance to assure them that their investment would be fruitful. For, we all know that BTC’s surge impacts all other altcoins. BTC although remain consistent for the past three days but DOGE due to market volatility, cannot hold on to its value and is descending down. So, crypto enthusiasts are of the opinion that DOGE is following its own trend now.

Current Dogecoin Price Status:

  • Present market cap: 369,430,826 USD
  • Market value: 0.003091 USD
  • Market rank: 28
  • Circulating supply: 119,503,297,976 DOGE

DOGE Price Analysis and Future Predictions:

dogecoin price chart

The above chart shows that at present, Dogecoin value is getting traded at 0.003090 USD or 0.00000039 BTC (UTC time 08:04). Its current 24h volume is worth of 58,769,139 USD. The same chart also shows that nearly 1 month earlier, DOGE had a trading value of 0.002822 USD with a market cap of 336,167,241 USD. Therefore, within this month, the value of Dogecoin price has been increased by 9.49% with 0.002806 USD as a good support resistance.

Accordingly, we think that by the end of 2019, if the market condition improves, then, Dogecoin can have a value of 0.0023 USD by the end of 2019.

Conclusion:

Overall, Dogecoin is currently very fluctuating, it is better not to invest on the same as the profit is not guaranteed.

Ads
Tags

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Event Information
Event Information
Back to top button
Close