The latest price of Dogecoin at 12:00 on December 25, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

Key Statistics as of December 25, 2024, 12:00 PM

• Price: $0.33226968737778
• 24-hour trading volume: $3,168,540,035.4782
• Price change in the past 24 hours: +3.52168247%

Tokenomics

• Circulating supply: 147,341,986,383.71 DOGE
• Maximum supply: N/A
• Total supply: 147,341,986,383.71 DOGE
• Market capitalization: $48,957,275,753.336

Overview

Dogecoin (DOGE) has been on an upward trend in the past 24 hours, with its price rising by 3.52%. The crypto market overall has been showing signs of recovery, with many coins experiencing gains.

The positive price movement of DOGE is likely due to several factors. Firstly, the coin has gained increased popularity among retail investors due to its association with online communities such as Reddit and TikTok. Secondly, there have been reports of increased transaction volumes on the Dogecoin network, indicating growing usage.

Despite its recent gains, DOGE remains down significantly from its all-time high of $0.737643 in May 2021. However, the coin's strong community support and its use as a speculative asset suggest that it may have potential for further appreciation in the future.

Conclusion

Dogecoin is a volatile cryptocurrency that has experienced significant price swings in the past. While its recent gains are encouraging, investors should exercise caution and conduct thorough research before investing in DOGE or any other cryptocurrency.