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Price Analysis

Dogecoin (DOGE) Price Analysis: Dogecoin will Go for a Price Rally in the Long-term

  • Dogecoin (DOGE) has started showing price variations.
  • The 2019 target price rests at 0.01 USD.

Dogecoin (DOGE) is one of the major crypto coins used for payment and settlement for online contents. The coin has been growing at a stable pace since the starting of the year. But after the April boom, the coin has lost enough of its value. Both the market cap and value of each Dogecoin has lost almost 10% in the last month. Even in the last 5 days, the coin has shown 4 huge price variations. However, with these price variations, Dogecoin (DOGE) still has an enormous potential to perform in the global market. We predict the coin to reach as high as 0.01 USD by the end of 2019. Let us now analyze the current figures of Dogecoin.

Current Dogecoin Price Statistics-

Doge Chart

  • Dogecoin (DOGE) is the 29th largest coin in the global market.
  • The ROI (Return on Investment) stands at 441.70%.
  • A total of 119,600,868,365 DOGE coins are in current circulation.
  • The market cap as on 22nd May at 05:24 UTC stands at 363,016,513 USD.
  • The value of each coin stands at 0.00293406 USD and 0.00000038 BTC.
  • The 24h volume at the current UTC stands at 56,276,772 USD.

Dogecoin Price Comparison-

As mentioned earlier, Dogecoin has performed with a stable pace since the starting of the year. The highest point of the coin since the inception was 0.018773 USD on 07th January 2018. The market cap on 22nd April was 329,171,441 USD and the value of each Dogecoin was 0.00277188 USD. The current market cap and the value of each coin are respectively 10.28% and 5.85% more than the figures for last month. The 1-day chart also has shown a huge variation. The lowest point was at 0.00315467 USD and the highest was 0.00290159 USD.

Dogecoin Price Prediction-

Looking at the price trend, we predict Dogecoin to have a bullish trend now. The current price will face next resistance at 0.0040 USD, 0.0045 USD and 0.0050 USD. By the end of 2019, the coin will be breaching 0.01 USD target. It should be noted that the path till 0.01 USD will have many price variations.

Conclusion-

New entrants are welcome to the growth story of Dogecoin. Holding the coins with patience will give huge profit over current investment.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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