The latest price of Dogecoin at 14:00 on December 07, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update

As of December 7, 2024 at 2:00 PM, Dogecoin (DOGE) was priced at $0.43288349826603, with a 24-hour trading volume of $590,879,383,225.88. DOGE has experienced a price decrease of -1.18250366% in the last 24 hours.

Key Metrics:

• Current Price: $0.43288349826603
• 24-Hour Trading Volume: $590,879,383,225.88
• Price Change (24 hours): -1.18250366%
• Circulating Supply: 147,097,186,383.71
• Maximum Supply: N/A
• Total Supply: 147,097,186,383.71
• Market Capitalization: $63,675,944,626.869

Market Analysis:

Dogecoin's price has been on a downward trend in recent weeks, reflecting the broader cryptocurrency market sentiment. However, DOGE has shown resilience compared to some other major cryptocurrencies. Investors remain optimistic about Dogecoin's long-term potential due to its cult following and the support of high-profile individuals such as Elon Musk.

Related News and Events:

• Elon Musk's Twitter Acquisition: Musk's recent acquisition of Twitter has fueled speculation that DOGE may be integrated into the social media platform, potentially boosting its adoption and value.
• Doge-1 Mission: A SpaceX rocket carrying a Dogecoin-themed satellite is scheduled to launch in early 2025, further raising the profile of DOGE.
• Cryptocurrency Market Outlook: The broader cryptocurrency market is experiencing increased volatility. Macroeconomic factors, such as rising interest rates, continue to weigh on the crypto sector. However, analysts believe that select cryptocurrencies with strong fundamentals and real-world applications, like DOGE, have the potential for long-term growth.