Dogecoin Price Analysis: Dogecoin (DOGE) Slips With Market Pressure And Trades At $0.0029

Dogecoin (DOGE) was seen surging with a perfect momentum that gave investors a sigh of relief. The market pressure was expected, but the same happened quite early. Bitcoin seems to have a price correction phase, as well. Since, both the coins are seen having a concurrent motion, Dogecoin is also facing a price pullback presently.

Yesterday, Dogecoin marked the volume of $19,786,133 with the highest price mark being $0.003316 and the lowest price being $0.002919. The intraday movement of the coin is not indicating an upsurge or recovery as of now. The traders are recommended to stay put and wait for the rally.

Current Statistics of Dogecoin:

• Dogecoin is currently trading at $0.002982.
• The ROI is noted as 427.33%.
• The coin is ranked at 29^th position in the crypto market.
• The market capitalization is marked as $355,583,733.
• The 24hr volume is noted as $17,893,532.
• The circulating supply has 120,676,602,040 DOGE.

DOGE to USD Price Comparison:

The chart is taken from Trading View on 07^th August 2019 at 01:04:08 UTC.

The chart is reflecting an upsurge in the coin towards the latter half of the said time frame. At the onset of the month, the coin was trading around $0.0029. The coin took a leap of 3.76% and touched $0.0030. Day 2 brought a drop as it slipped from $0.0030 to $0.0028 by 6.86%. On 3^rd August, DOGE jumped from $0.0028 to $0.0030 by 6.75%. On the following days, the coin performed brilliantly as it escalated from $0.0027 to $0.0030 by 10.63% and progressed twice later. First, the coin jumped from $0.0029 to $0.0031 by 6.6%. Second, from $0.0029 to $0.0032 by 9.81%. Yesterday, the coin jumped from $0.0030 to $0.0031 by 4.31%. The coin is currently trading at $0.0029.

Dogecoin Price Prediction and Conclusion:

Bitcoin (BTC) is anticipated to trade around $15,000 and $20,000 by the end of the year. Bitcoin and Dogecoin are seen having a concurrent momentum. We are anticipating that Dogecoin will walk as Bitcoin and close the year with a big digit. However, if we see Dogecoin price prediction, we can say that the coin is likely to touch $0.0070 by the end of 2019.

The coin could bring huge profits for long-term investors. We are quite positive that the investment in Dogecoin wouldn’t go futile.