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Dogecoin’s Price Analysis: The Indication is Positive and Pointing towards Surge

Dogecoin is getting more and more popular this year. The currency has been in the news for various different reasons and simultaneously for its increasing value in the market. Many of the investors and traders want to invest in the currency and looking at dogecoin trend analysis it is also very popular on Twitter.

The experts also dedicated that the currency has potential and its value will get surge by the end of the year. Currently, it is under bearish pressure but still, its indications are positive. The experts think that the Dogecoin has an excellent future and the currency is good for long term investments.

Current Price of Dogecoin (DOGE): Currently, the currency is trading at the value of $0.002911 USD and its value is decreasing by -4.95%. It’s BTC value is also trading at 0.00000029 BTC and also decreasing by -0.09%. The market capitalization of the currency is $350,736,107 USD and its 24-hour volume is $20,917,093 USD. The circulating supply of the currency is 120,468,921,229 DOGE.

On July 21, the currency was trading at the value of $0.003112 and in the course of the first ten hours, the value decreased to $0.002962. The decreasing value was around 4.81%, but later the currency was able to increase by 7.53% and reach up to $0.003190. The chart has two double top shapes, first at $0.00319074 and second at $0.003111893 and the intraday loss was around 4.35%. Even on yesterday, July 22, the currency opened at $0.002974 and increased by 4.07% and reached up to $0.003093. But, the currency loses around 3.87% and reached up to $0.002974.

In the cryptocurrency market, Dogecoin is usually considered as the option of Bitcoin and generally, investors invest in the Dogecoin for long-term plan because the short-term investment in the Dogecoin is kind of risky. The currency will reach around the value of $0.007 by the end of the year, the experts predicted.

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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