The latest price of Dogecoin at 14:00 on December 09, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update and Market Analysis

Date: December 09, 2024
Time: 02:00 PM UTC

Dogecoin (DOGE) is currently trading at $0.45184990631631, with a 24-hour trading volume of $7,971,904,573.8796. Over the past 24 hours, the price of Dogecoin has experienced a dip of -2.69838555%.

Key Market Metrics:

• Circulating Supply: 147,122,936,383.71 DOGE
• Max Supply: N/A
• Total Supply: 147,122,936,383.71
• Market Cap: $66,477,485,021.958

Analysis:

Dogecoin's price has been on a downward trend in recent weeks, following a period of significant gains. The current dip is a continuation of this trend, likely driven by a combination of factors, including decreased interest from retail investors and increased regulatory scrutiny of the cryptocurrency market.

Despite the recent price decline, Dogecoin remains one of the most popular cryptocurrencies due to its strong community support and its association with Elon Musk. The future of Dogecoin will likely depend on its ability to attract new investors and build utility within the crypto ecosystem.

Disclaimer:

The information provided in this update is for informational purposes only and does not constitute investment advice. It is crucial to do your own research and due diligence before making any investment decisions.