(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Update
As of December 14, 2024, at 9:00 PM UTC, Dogecoin (DOGE) is trading at $0.40202680200029. The 24-hour trading volume stands at $3,311,729,443.7159, indicating a moderate level of activity.
Price Movement
Over the past 24 hours, the price of Dogecoin has exhibited a slight decline, dropping by approximately 1.28248232%. This downward trend follows a period of volatility in the cryptocurrency market, where prices have fluctuated significantly in recent weeks.
Key Metrics
- Circulating Supply: 147,196,796,383.71
- Maximum Supply: N/A
- Total Supply: 147,196,796,383.71
- Market Capitalization: $59,177,057,314.829
Market Sentiment
The current market sentiment towards Dogecoin is mixed. Some analysts believe that the recent price drop is a temporary setback and that DOGE has the potential for further growth in the long term. Others are cautious about the cryptocurrency's future prospects, citing the high level of competition in the digital asset space.
Factors Influencing Price
Several factors can influence the price of Dogecoin, including:
- Market demand and supply dynamics
- News and events related to the cryptocurrency
- Regulatory changes
- Overall market sentiment
Investors are advised to conduct thorough research and consider their individual risk tolerance before investing in any cryptocurrency.