The latest price of Dogecoin at 16:00 on December 14, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis

As of December 14, 2024, 4:00 PM, Dogecoin (DOGE) was trading at $0.40947558522817, with a 24-hour trading volume of $3474327042.2445. In the past 24 hours, the price of DOGE has increased by 1.01876904%.

Key Metrics:

• Circulating supply: 147194146383.71 DOGE
• Maximum supply: None
• Total supply: 147194146383.71 DOGE
• Market capitalization: $60272409232.628

Analysis:

Dogecoin has shown a positive trend over the past 24 hours, with a noticeable increase in its price. The upward trend is likely due to increased investor confidence in the coin, as well as positive news surrounding the cryptocurrency industry.

The circulating supply of DOGE has increased slightly, indicating that more coins are being released into the market. However, the total supply of DOGE remains the same, which means that the supply of coins remains constant.

The market capitalization of DOGE has also increased, which is a reflection of the overall value of the coin. This increase suggests that investors are willing to pay more for DOGE, which could be a sign of bullish sentiment.

Conclusion:

Overall, Dogecoin is currently trading at a positive trend, with increased investor confidence and positive news supporting its price. The upward trend may continue in the short to medium term, but it is important for investors to remember that the cryptocurrency market is volatile and subject to sudden changes.