The latest price of Dogecoin at 04:00 on December 23, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: DOGE Drops 4.4% in 24 Hours

December 23, 2024, 04:00 AM

According to CoinMarketCap data, the live Dogecoin (DOGE) price today is $0.30952422743387. Over the past 24 hours, the trading volume of DOGE has reached $4116837001.2328, indicating a significant amount of market activity.

Price Performance

DOGE's price has seen a decline of 4.43955638% in the past 24 hours. This downward trend suggests that investors may be selling off their DOGE holdings, resulting in a decrease in price.

Technical Indicators

Technical analysis of DOGE's price chart indicates a potential downtrend. The 50-day moving average (MA) is currently below the 200-day MA, forming a bearish crossover. This technical indicator suggests that the price may continue to decline in the short term.

Supply and Circulation

The total circulating supply of DOGE is 147310296383.71. There is no maximum supply for DOGE, meaning that its supply can increase over time. The total supply of DOGE is 147310296383.71.

Market Capitalization

The market capitalization of DOGE stands at $45596105681.221. Market capitalization is calculated by multiplying the current price of an asset by its total circulating supply. The high market capitalization of DOGE indicates that it remains a significant player in the cryptocurrency market.

Key Takeaways

• DOGE's price has dropped by 4.4% in the past 24 hours.
• Technical indicators suggest a potential downtrend.
• DOGE has a circulating supply of 147310296383.71 and no maximum supply.
• The market capitalization of DOGE is $45596105681.221.