The latest price of Dogecoin at 06:00 on December 11, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of December 11, 2024, at 06:00 UTC, the latest price of Dogecoin (DOGE) stood at $0.39393854099805. Within the past 24 hours, the trading volume for DOGE reached an impressive $11710267985.333.

During this period, DOGE experienced a moderate decline of -4.30982196% in its value. This fluctuation brings the current market capitalization of Dogecoin to $57966987309.819.

Key Token Metrics

• Circulating Supply: 147,147,286,383.71
• Maximum Supply: N/A
• Total Supply: 147,147,286,383.71

Analysis

Dogecoin's price action over the past 24 hours has shown a bearish trend, with the token losing value against both the US dollar and other major cryptocurrencies. This decline could be attributed to a combination of factors, including profit-taking from recent gains and ongoing uncertainty in the broader crypto market.

Despite the recent price drop, DOGE remains a popular digital asset with a strong and loyal community. Its low transaction fees, high transaction volume, and widespread acceptance contribute to its appeal.

Disclaimer

This analysis should not be taken as financial advice. Investors should always conduct their own thorough research before making any investment decisions. Cryptocurrency markets can be volatile, and prices can fluctuate significantly.