The latest price of Dogecoin at 15:00 on December 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update

As of December 28, 2024, at 3:00 PM, Dogecoin (DOGE) is trading at $0.31547128861922 with a 24-hour trading volume of $2,009,293,798.7302. The price of Dogecoin has declined by -0.20359692% in the past 24 hours.

Key Statistics

• Circulating supply: 147,384,456,383.71 DOGE
• Maximum supply: N/A
• Total supply: 147,384,456,383.71 DOGE
• Market capitalization: $46,495,564,377.811

Recent News and Developments

• Increased adoption by businesses: More merchants and businesses are accepting DOGE as a form of payment, which has contributed to its price growth.
• Developer activity: The DOGE development team is actively working on improving the network's performance and scalability.
• Whales accumulation: Large holders (known as whales) have been accumulating DOGE, indicating potential support for its price.

Analysis and Outlook

The price of DOGE has been on a roller coaster ride in recent months, with significant fluctuations. While the overall trend suggests a gradual increase in value, short-term market sentiment and speculation can cause temporary price swings.

Technical analysis indicates that DOGE is currently oversold and may be due for a correction. However, the strong support around its current price level and the positive news surrounding the project suggest that DOGE may continue its upward trajectory in the long term.

Disclaimer

This price update should not be taken as financial advice. Cryptocurrency markets are volatile, and investments should only be made after thorough research and consideration of individual circumstances.