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Dogecoin price analysis: It may not be the right time to invest in the coin

Last when we reviewed Dogecoin (DOGE) and did its price analysis and prediction then Dogecoin (DOGE) was performing well and was showing bullish trend as well but the coin has not been able to keep up its bullish movement has shown a down fall. Investors and traders are losing hope in Dogecoin (DOGE) as it is clearly and continuously losing against its competitor coins in the crypto market. It is becoming difficult to give hope to the investors, traders and crypto enthusiasts in this coin. The coin is not being able to maintain different support levels.

Dogecoin (DOGE) was trading at $0.0032 at the time of writing this article. The market cap of the coin was $383,459,245 United States Dollar (USD) and the 24 hours trading volume of the coin was $74,861,631 United States Dollar (USD). The coin was also showing a positive growth of 3.17 percent as of writing this article as seen in the graph. The chart shows that last month Dogecoin (DOGE) was trading at $0.0028 against the United States Dollar (USD) and the market cap of the coin is seen as 336,167,241 United States Dollar (USD). Therefore, the value of Dogecoin (DOGE) has increased by around 9 percent in this month. The coin is expected to be around $0.0023 against the United States Dollar (USD) by the end of this year and this is not good seeing its present value which is around $0.0032 against the United States Dollar (USD).

The coin is currently fluctuating in value a lot and this may not be the right time to invest in Dogecoin (DOGE).

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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