The latest price of Dogecoin at 07:00 on December 13, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: DOGE Dips by Over 2%

As of December 13, 2024, 07:00 UTC, Dogecoin (DOGE) is priced at $0.4049593365859. The 24-hour trading volume stands at $5618916108.9127. DOGE has declined by -2.64331484% in the past 24 hours.

Key Metrics of Dogecoin (DOGE):

• Circulating Supply: 147,175,286,383.71
• Maximum Supply: N/A
• Total Supply: 147,175,286,383.71
• Market Capitalization: $59,600,006,335.785

Recent Performance of Dogecoin:

In the past 24 hours, the price of DOGE has experienced a downfall of over 2%. This decline may be attributed to fluctuations in the broader cryptocurrency market or specific news and events that have impacted the sentiment of DOGE holders.

Factors Influencing Dogecoin's Price:

Various factors can influence the price of DOGE, including:

• Market sentiment: Positive sentiment towards DOGE can lead to increased demand and higher prices, while negative sentiment can have the opposite effect.
• Supply and demand: If demand for DOGE exceeds supply, its price tends to rise; if supply surpasses demand, prices may drop.
• Regulatory changes: Government regulations or policies can impact the price of DOGE and other cryptocurrencies.
• Whale activity: Large transactions or holdings by major investors, known as whales, can significantly affect the price of DOGE.
• Developments within the Dogecoin ecosystem: Positive developments, such as upgrades or new partnerships, can boost DOGE's value.

Conclusion:

Dogecoin's price fluctuation is a result of various factors that influence supply, demand, and market sentiment. Its recent decline of over 2% reflects the dynamic nature of the cryptocurrency market. Investors should conduct thorough research and exercise caution before investing in any cryptocurrency, including DOGE.