The latest price of Dogecoin at 05:00 on December 11, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price and Market Status Update

As of December 11, 2024, 05:00 AM, Dogecoin (DOGE) traded at $0.39058796385883, with a 24-hour trading volume of $13,930,818,725.151. The price of DOGE experienced a decline of -6.5339734% over the past 24 hours.

Key Market Statistics:

• Circulating Supply: 147,146,386,383.71
• Maximum Supply: N/A
• Total Supply: 147,146,386,383.71
• Market Capitalization: $57,473,607,446.797

Insights and Considerations:

The recent price drop indicates a downward trend in the DOGE market. However, it's crucial to note that this is a relatively short-term fluctuation and does not necessarily reflect a long-term trend. The volatility in the cryptocurrency market is commonly influenced by various factors, including market sentiment, news events, and regulatory changes.

It's worth monitoring the overall market conditions and analyzing the price movements of DOGE over an extended period to gain a better understanding of its long-term prospects. Traders and investors should conduct thorough research, consider market conditions, and consult with financial professionals before making any investment decisions.