The latest price of Dogecoin at 21:00 on December 13, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update

As of December 13, 2024, 9:00 PM, the price of Dogecoin (DOGE) stands at $0.4072497074915. The 24-hour trading volume is $447,992,315,070.726. Over the past day, DOGE has experienced a 2.09735748% price decrease.

Key Metrics:

• Circulating supply: 147,183,096,383.71
• Maximum supply: Unavailable
• Total supply: 147,183,096,383.71
• Market cap: $59,940,272,949.957

Background:

Dogecoin is a decentralized, peer-to-peer digital currency created in 2013. It is known for its association with the popular internet meme featuring a Shiba Inu dog. DOGE operates on a proof-of-work consensus mechanism and has a loyal and enthusiastic community of supporters.

Market Analysis:

The recent price drop in DOGE aligns with the broader market trend, which has seen a decline in the value of most major cryptocurrencies. Some factors contributing to market volatility include macroeconomic conditions such as rising interest rates and geopolitical uncertainties.

Outlook:

The long-term potential of Dogecoin remains a topic of debate within the cryptocurrency community. Some analysts believe its popularity and loyal community could drive future growth, while others question its underlying value. The price of DOGE is likely to remain volatile in the short term, but its performance over time will depend on various factors, including market conditions, adoption rates, and technological advancements.