The latest price of Dogecoin at 06:00 on December 30, 2024

(24-hour Dogecoin price trend)

Dogecoin's Performance: A Dive into Price, Volume, and Market Dynamics

As of December 30, 2024, at 06:00 UTC, Dogecoin (DOGE) was valued at $0.31367192845503, representing a 2.7977014% decrease from its value 24 hours earlier. The 24-hour trading volume for DOGE amounted to $1625253294.842.

Circulating Supply and Market Value

At the time of writing, the circulating supply of DOGE stood at 147,406,766,383.71, with no maximum supply or total supply specified. This translates to a circulating market capitalization of $46,237,364,678.897.

Bitcoin Correlation and Impact

It is worth noting that the performance of Dogecoin is often correlated with the price fluctuations of Bitcoin (BTC). Bitcoin has a well-established position as the dominant cryptocurrency and can significantly influence the broader cryptocurrency market. When BTC experiences price gains or declines, it can have a knock-on effect on the values of other cryptocurrencies, including DOGE.

Recent Price Fluctuations

In the past 24 hours, Dogecoin's price has experienced a slight downtrend, with a notable 2.7977014% decrease. This follows a period of relative stability and minor price gains in the previous days.

Key Considerations

Investors in Dogecoin should be mindful of the inherent volatility associated with cryptocurrency markets. Price fluctuations can be swift and significant, making it crucial to conduct thorough research and exercise caution when investing. It is advisable to diversify one's portfolio across multiple cryptocurrencies and assets to mitigate risk. Additionally, keeping abreast of industry news, updates, and market trends can help investors make informed decisions.