The latest price of Dogecoin at 00:00 on November 4, 2024

(24-hour Dogecoin price trend)

DOGE Price Dips Amidst Market Volatility

As of November 4, 2024, 00:00 AM UTC, the latest price of Dogecoin (DOGE) stood at $0.14572860229458. Over the past 24 hours, the trading volume reached $1,840,244,237.3037.

The price of Dogecoin has experienced a notable decline in the last 24 hours, losing approximately -6.85971065% of its value.

Key Metrics:

• Market Cap: $21,369,477,040.158
• 24-Hour Trading Volume: $1,840,244,237.3037
• Circulating Supply: 146,638,866,383.71 DOGE
• Max Supply: None
• Total Supply: 146,638,866,383.71 DOGE

Market Context:

The recent price dip in Dogecoin aligns with a broader market trend of volatility. The cryptocurrency market has been experiencing a period of uncertainty, with several major assets witnessing significant price swings.

Factors Contributing to DOGE's Drop:

Various factors may have contributed to the decline in Dogecoin's price:

• Overall market conditions: The broader cryptocurrency market has been facing a period of low liquidity and increased volatility.
• Elon Musk's Twitter acquisition: Recent developments surrounding Elon Musk's acquisition of Twitter have generated mixed reactions among investors, potentially influencing the price of DOGE.
• Absence of major news or developments: Dogecoin has not witnessed any significant announcements or developments that would have driven its price upward.

Outlook for Dogecoin:

The future price movements of Dogecoin remain uncertain, but several factors could influence its trajectory:

• Bitcoin price: Dogecoin has historically exhibited a positive correlation with the price of Bitcoin. If Bitcoin rebounds, DOGE could potentially follow suit.
• Market sentiment: Positive or negative sentiment surrounding Dogecoin and the broader cryptocurrency market will likely impact its price.
• Regulatory changes: Any regulatory developments or announcements could have a significant impact on the price of Dogecoin and other cryptocurrencies.

It is essential to note that cryptocurrency investments carry inherent risks. Investors are advised to conduct thorough research and only invest what they can afford to lose.