The latest price of Dogecoin at 07:00 on December 05, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges Despite Market Correction

As of December 5, 2024 at 07:00 UTC, Dogecoin (DOGE) is trading at $0.41432247790581. The 24-hour trading volume is $10278732667.043. Despite the recent market downturn, DOGE has managed to maintain a strong position.

Price Performance

Over the past 24 hours, DOGE has experienced a moderate upward trend, gaining 3.59470145%. This rise in value has come amid a broader market correction, suggesting that DOGE has held its own well against the prevailing bearish sentiment.

Circulation and Supply

The circulating supply of DOGE is 147043846383.71. The maximum supply of DOGE is not capped, meaning there is no limit to the number of tokens that can be created. However, the emission rate of new DOGE is decreasing over time, which could potentially lead to price appreciation in the long run.

Market Capitalization

The total market capitalization of DOGE is $60923570794.498. This places DOGE among the top 10 cryptocurrencies by market cap. The strong market capitalization shows the level of confidence investors have in DOGE and its potential for growth.

Conclusion

Dogecoin's recent price increase is a testament to its resilience despite the challenges facing the broader cryptocurrency market. With its strong community support and growing adoption, DOGE is well-positioned to continue performing well in the long term. However, as with any investment, investors should conduct thorough research and consider their own financial situation before making any decisions.