The latest price of Dogecoin at 04:00 on November 26, 2024

(24-hour Dogecoin price trend)

Dogecoin's Price Fluctuations: A Deep Dive

As of November 26, 2024, at 04:00 AM, Dogecoin (DOGE) has recorded a price of $0.4060128893209. The 24-hour trading volume stands at $9,488,523,094.585. Over the past 24 hours, Dogecoin's price has experienced a decline of 3.85263773%.

Market Statistics

• Circulating Supply: 146,942,046,383.71
• Maximum Supply: Unlimited
• Total Supply: 146,942,046,383.71
• Market Cap: $59,660,364,814.973

Insights

Dogecoin's price has been undergoing fluctuations in recent times. The currency's value tends to exhibit volatility, with both sharp rises and falls. This behavior is influenced by various factors, including:

• Market Sentiment: Dogecoin's price is heavily influenced by public opinion and sentiment. Positive news and announcements can drive up its value, while negative headlines can lead to sell-offs.
• Exchange Listings: The addition of DOGE to major cryptocurrency exchanges can increase accessibility and liquidity, potentially boosting its price.
• Whale Activity: Large holders, known as "whales," can have a significant impact on DOGE's price. Their buying or selling decisions can trigger price swings.
• Speculation: Dogecoin is often subject to speculative trading, where traders attempt to profit from short-term price movements.

Conclusion

Dogecoin's price continues to be dynamic, responding to market forces and external events. While its long-term trajectory remains uncertain, its volatility provides opportunities for both profit and risk. Investors should carefully consider their investment strategies and conduct thorough research before making any financial decisions involving DOGE.