Dogecoin, the meme-originated digital currency maintaining its place at #9 by market capitalization, kept its course with an average price of $0.065715 on July 9th. The playful cryptocurrency floated through the 24-hour period with a low of $0.065006 and a high of $0.066291, confirming a day of slight variations in its price action.
While the trading volume dropped to $166,260,039, pointing to a lower short-term activity among traders, Dogecoin’s market cap kept steady at approximately $9.21 billion, with a market dominance of 0.753%.
The past seven days saw Dogecoin prices remain consistent, ranging from a low of $0.065041 to a high of $0.071004. The steady ebb and flow of prices within this period could indicate a potential consolidation phase for Dogecoin.
However, it’s important to remember that Dogecoin is still considerably off from its all-time high of $0.731578, registered on May 8, 2021, sitting -91.00% below. Conversely, from its all-time low of $0.00008690 on May 6, 2015, the digital asset has soared by a staggering 75,692.86%.
Dogecoin Price Prediction
Next 24 hours: Given Dogecoin’s current stability, it is probable we could see the digital currency sail between the waters of $0.065 and $0.067 in the next 24 hours, unless unexpected news or market movements generate bigger waves.
Next 7 days: Over the forthcoming week, if Dogecoin continues to ride the same tide, we might witness the crypto trading between $0.064 and $0.072. However, bear in mind that these predictions are subject to change in response to wider market trends, investor sentiment, and related news about Dogecoin or the broader crypto market.
Remember, while the sea of cryptocurrency is filled with potential treasure, it can also be unpredictably stormy. Conducting your own in-depth research or consulting with a financial advisor is highly recommended before making any investment decisions.