The latest price of Dogecoin at 04:00 on December 31, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Analysis and Market Overview

As of December 31, 2024, at 04:00 UTC, Dogecoin (DOGE) trades at $0.32159729159684, with a 24-hour trading volume of $2471698201.3584. The cryptocurrency has witnessed a price increase of 2.53977911% in the past day.

Key Metrics:

• Circulating supply: 147,419,576,383.71 DOGE
• Max supply: N/A
• Total supply: 147,419,576,383.71 DOGE
• Market capitalization: $47,409,736,493.353

Price Trend:

Over the past 24 hours, Dogecoin has experienced a positive price movement, gaining 2.53977911%. This upward trend aligns with the broader cryptocurrency market sentiment, which has been largely bullish in recent weeks.

Market Analysis:

Dogecoin has a strong market support level around the $0.30 price point. If the cryptocurrency breaks below this level, it could trigger a downtrend. However, technical indicators suggest that DOGE is currently facing resistance at the $0.33 level. A break above this resistance could lead to进一步的上涨.

Investor Outlook:

Investors may consider holding Dogecoin as a speculative investment due to its potential for volatility and price fluctuations. However, it is important to note that the cryptocurrency market is highly unpredictable, and investors should proceed with caution.

Additional Information:

• Dogecoin is a peer-to-peer, decentralized cryptocurrency created in 2013.
• DOGE is often referred to as the "meme coin" due to its association with popular internet memes.
• Dogecoin has gained significant popularity and adoption in recent years, particularly among retail investors.