The latest price of Dogecoin at 18:00 on December 12, 2024

(24-hour Dogecoin price trend)

Dogecoin Soars: SHIB Outperforms DOGE, Will Dogecoin Rebound to Reach $1 This Year?

As of December 12, 2024, at 6:00 PM, the latest price of Dogecoin (DOGE) stands at $0.41607783718439, with a 24-hour trading volume of $6,197,885,689.2255. Dogecoin has witnessed a rise of 4.33466242% in the past 24 hours.

The circulating supply of Dogecoin is 147,167,556,383.71, with a maximum and total supply of 147,167,556,383.71. The market capitalization of Dogecoin is recorded at $61,233,158,563.844.

Recent News and Market Analysis:

• Shiba Inu Outperforms Dogecoin: Shiba Inu (SHIB) has been outperforming Dogecoin in recent weeks, driving speculations that SHIB may overtake DOGE in market capitalization.
• DOGE "Overbought" Signal Cools: Technical indicators suggest that Dogecoin's "overbought" condition is receding, potentially indicating a break above recent highs and a potential surge towards the $1 mark.
• DOGE Price Could Drop 20%: Analysts predict a potential correction in the Dogecoin price, expecting it to drop by approximately 20% before its expected rally.

Market Outlook:

The recent surge in the price of Dogecoin and its bullish technical indicators suggest that DOGE is poised for further upside potential. However, investors should be cautious of potential pullbacks and profit-taking, as well as broader market conditions.

The long-term outlook for Dogecoin remains positive, driven by its low price, strong community support, and the potential for adoption by major retail and financial institutions. While it remains uncertain if Dogecoin will reach $1 this year, its fundamentals and technical analysis indicate that there is potential for significant growth in the coming months.