The latest price of Dogecoin at 19:00 on December 03, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Stagnant After Recent Surge, Analysts Predict Further Upswing

As of December 3, 2024, at 7:00 PM, Dogecoin (DOGE) was trading at $0.41432247790581 with a 24-hour trading volume of $10278732667.043. The price of DOGE had dropped by -3.59470145% in the past 24 hours.

Key Metrics

• Circulating supply: 147043846383.71 DOGE
• Maximum supply: N/A
• Total supply: 147043846383.71 DOGE
• Market cap: $60923570794.498

Recent Market News

Despite a recent surge in its price, Dogecoin has experienced a setback in the past 24 hours. The market cap of DOGE had briefly surpassed $62 billion, but has since retreated slightly.

Analysts remain bullish on DOGE's long-term prospects. They point to a significant increase in the number of large Dogecoin transactions, indicating increased institutional interest. Additionally, DOGE is forming a bullish pennant pattern, which suggests a potential price breakout to the upside.

Some analysts predict that DOGE could rally by as much as 400% if it breaks out of its current pattern. This would push its price to approximately $0.60, a significant increase from its current levels.

Conclusion

While DOGE's price has experienced a slight correction, analysts remain optimistic about its future prospects. The cryptocurrency has shown strong fundamentals and is gaining traction among institutional investors. If DOGE can break out of its current pattern, it could experience a significant rally in the coming months.