Dogecoin Price: DOGE Still Falling - How Much Is It Costing Investors? Saturday, November 10th
Dogecoin (DOGE) Prices Still Falling- How Much Is It Costing Investors?
We have been reporting on Dogecoin’s recent price plummet and sadly, weeks after, we still are. Since November 08, a majority of coins have been going through a price correction, this has triggered more loses for Dogecoin. At the time of press, Dogecoin has had one of the worst drops in the market- 9%. Given that its prices had not rallied at the beginning of the week, this marks a tremendous drop.
DOGE/USD Price Chart, Saturday November 10th:
Dogecoin has now dropped to the lows of $0.0031 with a market cap of $372,201,202.
The slow downtrend by the coin has not been encouraging to investors. Holders are also finding it hard to resist selling off and cutting their losses before it all comes down crashing. A few pundits have predicted that the downtrend will end at the $0.0023 position, and it is getting harder by the day to disagree with them.
According to a prediction made by InvestingScope, Dogecoin is bound to experience further selling in the days to come. According to the experts, Dogecoin is still going through a correction phase following its late August – early September price surge.
Fortunately for the coin, the Dogecoin project is one of the few projects that is well supported by its community. Their loyalty to the project protects the coin from a sell-off and ensures that it is well supported when trading low. The project is also led by an incredible team headed by Dogecoin creator Jackson Palmer. The project has been quiet in recent weeks but there’s no telling what the team is up to and what impact it will have to the project’s future.
Going into the weekend, the coin needs to find some positive momentum and resist falling below $0.030 at all cost. In a bullish scenario we could see prices crawl their way back to $0.035 but in the more realistic and bearish scenario, we will see Dogecoin ending up back at $0.0023.
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