Dogecoin Might Come Out Of Its Volatile Phase As It Witnesses An Upsurge

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Dogecoin Might Come Out Of Its Volatile Phase As It Witnesses An Upsurge

  • The recent change of dogecoin remains at a minor 1.23% towards down.
  • The predictions also say that in the long term, it might give a satisfactory result, but right now, it is not impressive.
  • At the moment, it has reached up to 301.065 million USD from 270.249 million USD in the past 30 days.

The last 30 days of Dogecoin journey is no less than a roller-coaster ride. It has been going through an immense volatility period. The recent change remains at a minor 1.23% towards the downside, and the current price of Dogecoin is trading at approximately $0.002167.

On December 9, the price of Dogecoin was $0.002194, after which it started its downside movement. The coin kept falling for the next nine days, by a whopping 12.65% taking it down to $0.0019171. In the last 30 days, it also marks the lowest point for Dogecoin. 

It was also followed by a 9.70% price recovery which pushed the Dogecoin price to $0.0021030 by December 23. 

Yesterday, the price of Dogecoin started its dealing at $0.00212960. In the later hours, the price escalated from $0.002062 to $0.00218, indicating a hike of 6.14%. Later the price dropped to $0.002026 from $0.002184, showing a fall of 7.22%. The currency then kept trading at the same level for some time but escalated later only to witness a fall again.

Further, the closing hour witnessed another fall from $0.002175 to $0.002037 by 6.78%. Within the day, the coin reflected a 2.07% progression. Even today, the price of Dogecoin escalated to the closing hour took the Dogecoin price to $0.00217 to $0.002234 by 4.12% hike. Later, the price slipped to $0.002116 by 4.23%.

Currently, the price of Dogecoin is trading at $0.002202. There were also analysts’ predictions which suggest that the coin will most likely breach to its next support level at $0.002188 soon.

The predictions also say that in the long term, it might give a satisfactory result, but right now, it is not impressive. Therefore, it recommended that the traders opt for long-term investment. 

Lately, Dogecoin traded 1.1% lower against the U.S. dollar in the twenty-four hour period which ended at 18:00 E.T. on January 7. One Dogecoin coin can be bought for $0.0024 or 0.00000030 BTC now. This can be done on significant exchanges which includes BitFlip, CoinExchange, Novaexchange and Tripe Dice Exchange. 

Since the last month, a decent increment in the market cap of Dogecoin has witnessed. At the moment, it has reached up to 301.065 million USD from 270.249 million USD in the past 30 days.

The current price of Dogecoin is at $0.0021676, managing a marginal lead of 0.77% over the last 50 days. However, it still lags behind the 20 days M.A. This indicates an upsurge of Dogecoin’s price, and as per predictions, the upsurge will remain for some time. 

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners