The latest price of Dogecoin at 07:00 on December 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update: December 28, 2024, at 07:00

As of December 28, 2024, at 07:00 UTC, Dogecoin (DOGE) is trading at a price of $0.31105315874002. The cryptocurrency's 24-hour trading volume is $2152856878.9564, indicating a moderate amount of activity in the market.

In the past 24 hours, the price of DOGE has experienced a slight decline of -0.02702723%. This downward trend may be attributed to a combination of market forces, including profit-taking and news-driven sentiment.

Circulation Supply and Market Dominance

The current circulating supply of DOGE is 147,380,336,383.71. The cryptocurrency has a maximum supply limit, although the exact number is not known. Given the unlimited supply, DOGE's overall market capitalization is not considered in calculating its ranking among cryptocurrencies.

Market Sentiment and Outlook

Dogecoin has gained significant popularity in the cryptocurrency community due to its association with Elon Musk and its position as a "meme coin." However, the cryptocurrency is primarily driven by speculation and sentiment, making it susceptible to price volatility.

The future outlook for DOGE remains uncertain, as it heavily depends on factors such as the overall crypto market sentiment, regulatory developments, and the community's engagement.