The latest price of Dogecoin at 22:00 on December 14, 2024

(24-hour Dogecoin price trend)

Dogecoin's Price Analysis: A Dive into Market Trends and Statistics

As of December 14, 2024, 10:00 PM EST, the latest price of Dogecoin (DOGE) stands at $0.39722485216005 with a 24-hour trading volume of $347,146,620,907.68. Over the past 24 hours, the price of Dogecoin has experienced a decline of -2.41187078%.

Key Market Statistics:

• Circulating Supply: 147,197,616,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,197,616,383.71 DOGE
• Market Capitalization: $58,470,551,406.329

Market Trends:

Over the past 24 hours, the price of Dogecoin has shown a downward trend. The current price represents a decrease of -2.41187078% compared to yesterday. This slight dip in price suggests a temporary pullback within the overall market.

However, it's important to note that Dogecoin has experienced significant price fluctuations in the past and its value is subject to volatility. Investors should exercise caution and conduct thorough research before making any financial decisions.

Comparison to Bitcoin:

Bitcoin (BTC) remains the dominant cryptocurrency, with a current market capitalization of over $1 trillion. Dogecoin, on the other hand, occupies a much smaller market position. Despite their differences in size and market share, both BTC and DOGE have unique characteristics that appeal to specific investor demographics.

Conclusion:

The current price of Dogecoin reflects a momentary decrease in its market value. Investors should monitor market trends and conduct further analysis before making investment decisions. Dogecoin's price and performance are influenced by various factors, including the overall cryptocurrency market sentiment, supply and demand dynamics, and news and events related to its adoption and utility.