The latest price of Dogecoin at 07:00 on December 18, 2024

(24-hour Dogecoin price trend)

Dogecoin Price and Market Analysis: December 18, 2024

As of December 18, 2024, at 07:00 am UTC, the live price of Dogecoin (DOGE) stands at $0.39446737043385. Over the past 24 hours, the trading volume for DOGE amounted to $3575819901.2107. In the last 24 hours, Dogecoin has seen a negative price change of -1.95127892%.

Key Metrics:

• Circulating Supply: 147243896383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147243896383.71 DOGE
• Market Cap: $58082912618.914

Analysis:

Dogecoin's price has experienced a slight decline in the past 24 hours, indicating bearish market sentiment. However, the overall trend for DOGE remains positive, with a significant increase in trading volume. This suggests that investors are still interested in purchasing and holding DOGE despite the short-term price drop.

The current price of DOGE is still significantly higher than its price earlier this year, demonstrating the enduring popularity of the cryptocurrency. While Dogecoin may experience fluctuations in the short term, its long-term prospects remain optimistic due to its strong community support and growing adoption by merchants and businesses.

Traders should exercise caution and monitor market conditions before making any investment decisions. The cryptocurrency market is highly volatile, and DOGE's price can change rapidly. It is essential to conduct thorough research and understand the risks involved before investing in any cryptocurrency.