(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis: October 14, 2024
As of October 14, 2024, at 10:00 AM, Dogecoin (DOGE) is trading at $0.1097982175765. The 24-hour trading volume stands at $596,530,621.76026.
Market Performance
Over the past 24 hours, the price of Dogecoin has experienced a slight decrease of -0.87314624%. This downward trend is in line with the overall cryptocurrency market, which has seen a correction in recent weeks.
Supply
The circulating supply of DOGE currently stands at 146,356,766,383.71. The maximum supply and total supply are both undetermined.
Market Capitalization
The market capitalization of Dogecoin is $16,069,712,079.192. This places DOGE as the ninth largest cryptocurrency by market capitalization.
Technical Analysis
Technical indicators suggest that DOGE is facing a period of consolidation. The Simple Moving Average (SMA) lines are moving closer together, indicating that the market is uncertain about the future direction of the price.
Conclusion
The price of Dogecoin has declined slightly over the past 24 hours. However, the market capitalization remains significant, indicating that DOGE continues to be a popular digital asset among investors. Technical indicators suggest that the market is currently hesitant, but it is possible that the price could stabilize or even rebound in the coming days.