The latest price of Dogecoin at 13:00 on November 4, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Bearish Trend Persists

As of November 4, 2024, at 13:00 UTC, the live Dogecoin (DOGE) price stood at $0.15050722887156. Over the past 24 hours, the cryptocurrency has experienced a 0.70469322% decline in value. The 24-hour trading volume for DOGE amounted to $2,031,047,903.6911.

Key Metrics:

• Circulating supply: 146,646,486,383.71
• Maximum supply: N/A
• Total supply: 146,646,486,383.71
• Market cap: $22,071,356,289.362

Market Dynamics:

Dogecoin, a popular meme-based cryptocurrency, has been witnessing a bearish trend in the past 24 hours. The coin's price has declined slightly, indicating a potential sell-off by investors. The decrease in volume suggests a lack of significant buying or selling pressure.

The circulating supply of Dogecoin has remained constant, implying that the issuance of new coins has not impacted the price movement. However, the total supply remains undisclosed, leaving market participants with limited information regarding the potential for future issuance.

Conclusion:

The latest market analysis indicates a bearish trend for Dogecoin. The decline in price and volume suggests a temporary sell-off by investors. While the coin remains popular, uncertainties surrounding the maximum supply may limit its potential for substantial growth in the short term.