The latest price of Dogecoin at 13:00 on December 07, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Fluctuates amid Market Volatility

As of December 7, 2024, at 1:00 PM UTC, the price of Dogecoin (DOGE) stands at $0.43534861739337, marking a 24-hour trading volume of $5,996,803,394.1661. The cryptocurrency has experienced a moderate decline of -0.23927887% over the past day.

Key Statistics:

• Circulating Supply: 147,096,376,383.71
• Max Supply: N/A
• Total Supply: 147,096,376,383.71
• Market Cap: $64,038,204,082.221

Market Context:

The broader cryptocurrency market has been experiencing a period of volatility, with major assets such as Bitcoin (BTC) and Ether (ETH) showing both gains and losses. This market uncertainty has impacted Dogecoin's price, leading to a temporary dip in its value.

Outlook:

The future trajectory of Dogecoin's price is uncertain, given the volatility of the cryptocurrency market. However, some analysts believe that the coin has strong fundamentals and could potentially regain its previous highs. The long-term growth prospects of Dogecoin will depend on various factors, including:

• Adoption and Use Cases: Increased adoption of DOGE for transactions and other applications could drive up its demand and value.
• Regulatory Developments: Potential regulations or guidelines on cryptocurrency could impact the market sentiment and price of DOGE.
• Market Sentiment: Overall investor sentiment toward Dogecoin and the broader cryptocurrency market will play a crucial role in determining its price fluctuations.

Conclusion:

The recent price fluctuations of Dogecoin reflect the volatility present in the cryptocurrency market. While the coin's value has declined slightly over the past 24 hours, its long-term outlook remains uncertain. Investors should exercise caution and thoroughly research before making any investment decisions.