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

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: A Dip in Value, But Still Holding Strong

As of September 12, 2024, at 00:00 UTC, the latest price of Dogecoin (DOGE) stood at $0.10060834231812, marking a slight decline of -1.54200261% over the past 24 hours. Despite this dip, Dogecoin's trading volume remains high at $522722302.87919 over the same period, indicating continued market activity.

Dogecoin currently has a circulating supply of approximately 145913976383.71. The coin's maximum supply is not defined, and its total supply is equal to its circulating supply at 145913976383.71 DOGE. With a流通市值：$14680163285.01, Dogecoin ranks among the top cryptocurrencies by market capitalization.

The price movements of Dogecoin in recent days have been influenced by several factors, including:

• Market sentiment: The overall cryptocurrency market has experienced some volatility in the last few days, with Bitcoin and other major coins showing fluctuations in price. This market sentiment can impact the value of Dogecoin as well.
• Developments within the Dogecoin ecosystem: Upcoming events or announcements related to the adoption or enhancements of the Dogecoin protocol can also influence its price.
• Speculative trading: Dogecoin has a large community of traders and investors who may engage in speculative trading activities, leading to price fluctuations.

While the dip in DOGE's price might be a concern for some investors, it's worth noting that the coin has shown resilience in the past and has consistently recovered from price setbacks. The long-term prospects of Dogecoin will depend on its adoption, development, and the overall market conditions.