The latest price of Dogecoin at 07:00 on December 08, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: A 4.5% Surge in 24 Hours

As of December 8, 2024, 7:00 AM UTC, the latest price of Dogecoin (DOGE) is $0.45409586823575. The 24-hour trading volume for DOGE is recorded at $8100189940.1471, marking a significant upswing in trading activity.

Over the past 24 hours, DOGE has witnessed a notable 4.51201843% increase in its price, suggesting a positive sentiment among investors. The current price uptick follows a period of consolidation and sideways trading.

Key Metrics:

• Circulating Supply: 147106996383.71 DOGE
• Maximum Supply: Not applicable
• Total Supply: 147106996383.71 DOGE
• Market Capitalization: $66800679246.412

Market Dynamics:

The surge in DOGE's price is likely attributed to increased demand and speculative trading. Positive news and announcements related to the cryptocurrency may also have contributed to the bullish sentiment.

Moreover, the broader cryptocurrency market has experienced an overall uptrend in recent weeks, which has also had a positive impact on DOGE's price. However, it is important to note that the cryptocurrency market remains volatile, and significant price fluctuations can occur in both directions.

Investment Considerations:

Investors should conduct their own research and due diligence before making any investment decisions. Dogecoin's price is highly volatile, and significant losses can occur. It is crucial to understand the risks associated with cryptocurrency investments and consider the potential impact of market fluctuations.