The latest price of Dogecoin at 12:00 on December 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Analysis and Recent Market Developments

As of December 17, 2024, 12:00 PM UTC, Dogecoin (DOGE) is trading at $0.40328827501042, with a 24-hour trading volume of $3584807976.3726. Over the past 24 hours, DOGE's price has fluctuated slightly, experiencing a decline of -0.15262337%.

Key Metrics

• Circulating Supply: 147,232,726,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,232,726,383.71 DOGE
• Market Capitalization: $59,377,232,248.366

Recent Market Developments

Over the past few weeks, Dogecoin has experienced a surge in popularity, largely driven by the broader cryptocurrency market and the enthusiasm surrounding meme coins. However, recent market conditions have led to a slight correction in DOGE's price.

Factors Influencing Price

The price of Dogecoin is influenced by a combination of factors, including:

• Cryptocurrency market sentiment: DOGE's price is closely tied to the overall cryptocurrency market, which has recently seen a correction.
• Adoption and usage: The increasing adoption of DOGE as a form of payment at various merchants has boosted its demand.
• Social media hype: DOGE has gained significant attention on social media, which has fueled its popularity and price fluctuations.

Outlook

Analysts remain bullish on the long-term prospects of Dogecoin due to its strong community support and growing adoption. However, the short-term price movements of DOGE are likely to remain volatile and dependent on market conditions.

Important Disclaimer

The information presented in this analysis is purely for educational purposes and should not be construed as financial advice. Before making any investment decisions, it is crucial to conduct your own research and consider seeking professional advice if necessary.