To make this decision, let's first base on the basic parameters and make some judgments
Currently, Dogecoin (DOGE) is ranked 9th based on total market capitalization of 12,551,081,263.08 USD.
Dogecoin (DOGE) is a coin with a lot of potential for development. And just if you believe this coin to be in the top 10, long-term investment is a very good decision.
If you take the market capitalization of this coin at 12,551,081,263.08 $US compared to the current top 1 coin Bitcoin (BTC ) with a capitalization value of $451,414,605,948.51, the development potential of Dogecoin is also likely to increase. grow 36.0 times more`
In the past 30 days, Dogecoin coin has been going up quite well, but this may also be the reason why you should be cautious when entering surfing investment right now, the wallet may be temporarily negative for the coin to return to the current stage. adjustments in the near future.
However, if you want to invest for the long term, this is not a problem. If you are a new investor and you need more time to learn about Dogecoin (DOGE) coin, you should invest according to the price average method (DCA). That is, a regular investment, every day, every week, every month a fixed amount.
Following a price averaging strategy will help you minimize risk, and avoid the most situations of halving or tripling assets when the market goes down.
According to data updated on April 05, 02, the Market Cap of Dogecoin (DOGE) is US $ 12,551,081,263.08
Market Cap = Current Price x Circulating Supply
Is the total market value of the circulating supply of cryptocurrencies. It is similar to the stock market measurement of multiplying the price per share by the stock available in the market (not held and locked by insiders, government)
According to updated data on April 05, 02, Dogecoin's 2023-hour Transaction Volume (DOGE) is US $ 697,556,757.52 . This trading volume accounts for 0.06% total market capitalization.
A measure of cryptocurrency trading volume across all platforms tracked over the past 24 hours. This is tracked on a rotating 24-hour basis with no opening/closing times.
However, please note that there will be a few platforms, which we do not track, but most of this number is very small compared to the trading volume of centralized exchanges like Binance and decentralized. like PancakeSwap
In the long term, the price of Dogecoin has dropped quite a bit with -23.60512469% and is located at the price range of $ 0.09460322.
In the short term (here we look at the price of the week for a more stable view than in the day) has increased quite a lot with 6.9318258
If you are a HOLDER (i.e. players who make profits based on the length of time) then you should focus on the 90 day long term trend. However, if the investment case is the platform coins alone, then you need to observe with a time length that can be longer than 6 months or sometimes 1 year.
If this coin has many large investors who are funds, you should monitor the movements of investment funds to be able to make the right comments in the future.
In the long term future, the cryptocurrency market will develop very strongly, however in the short term there will be price hikes by market makers. So learn carefully the information so that you can calm down before the ups and downs of the market.
These are just extremely basic analyzes of Dogecoin (DOGE), you should not rely solely on this information to make buying or selling decisions.
We advise you to be wise and prudent investors.