As of 10:00 am, 7/8/2020, the price was .0039 on https://finance.yahoo.com/quote/DOGE-USD/ – the price was holding steady for a while at approximately .0023 and then a sharp rise in price occurred.
Digging through the five-year history of prices reveals that June / mid-July dates trend towards price rises.
If you look at the pattern of prices before and after Dec 31, 2017 (this is when the biggest leap – from .001 to .017 – of 1,700% – happened) – you will see that the new floor ended up being significantly higher.
Does this mean that DOGE will be approaching two cents this year? Possibly.
DOGE’s strength lies in the fact that it is nowhere near a dollar in cost, meaning that people can pay each other for micro-transactions at a fraction of the cost that a traditional payment processor would charge. Converting from cryptocurrency to fiat currency, however, comes at a steep price that could be ten percent of the exchanged amount. Until those costs are brought down, cryptocurrencies’ usage will not be as popular as credit and debit card processing.
– June 8, 2020