The latest price of Dogecoin at 00:00 on December 12, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): A Comprehensive Analysis

As of December 12, 2024, 00:00 UTC, key metrics for Dogecoin (DOGE) stood as follows:

• Current Price: $0.41383318398216
• 24-Hour Trading Volume: $891,374,2103.4689
• Price Change in Past 24 Hours: +9.02888837%

Circulating Supply:

• 147,156,986,383.71 DOGE

Maximum Supply:

• N/A

Total Supply:

• 147,156,986,383.71 DOGE

Market Capitalization:

• $60,898,444,220.388

Dogecoin Overview:

Dogecoin, created in 2013 as a fork of Litecoin, has gained significant popularity as a meme cryptocurrency. Despite its origins as a humorous homage to the "doge" internet meme, DOGE has established a dedicated and passionate community. Its low price point and accessibility make it popular for micro-transactions and tipping.

Key Features:

• Fast Transaction Speeds: Dogecoin utilizes a Proof-of-Work consensus mechanism, resulting in rapid transaction confirmations.
• Low Transaction Fees: DOGE transactions typically incur minimal fees, making it cost-effective for small payments.
• Strong Community Support: Dogecoin boasts a vibrant and supportive community that actively promotes its use.

Potential Market Outlook:

The future of Dogecoin is subject to several factors, including the overall cryptocurrency market trend, adoption by businesses and individuals, and the development of new use cases. While it has experienced significant price fluctuations in the past, DOGE's long-term potential remains a topic of debate among experts.

Conclusion:

Dogecoin remains a prominent and unique asset within the cryptocurrency landscape. Its low price point, fast confirmation times, and loyal community provide value to its users. While its long-term value proposition may differ from other cryptocurrencies, DOGE continues to find a niche among those seeking a lighthearted and potentially profitable alternative to traditional financial assets.