The latest price of Dogecoin at 09:00 on December 11, 2024

(24-hour Dogecoin price trend)

Dogecoin Experiences Slump Despite Musk's Pro-DOGE Stance

As of December 11, 2024, 09:00 UTC, the price of Dogecoin (DOGE) stood at $0.3785282446578, reflecting a decline of 7.75598628% over the past 24 hours. Despite recent positive comments from Elon Musk, DOGE has not sustained its upward momentum.

Musk, known for his outspoken support of Dogecoin, recently stated that he believes DOGE has the potential to reach $1.05. This statement had initially bolstered investor sentiment, leading to a brief surge in DOGE's price.

However, the current decline suggests that investors are taking a more cautious approach, despite Musk's bullish outlook. The 24-hour trading volume for DOGE amounted to $10,946,689,350.451, indicating continued interest in the cryptocurrency.

Dogecoin's circulating supply is 147,148,986,383.71, while its maximum supply and total supply are both unknown. The current market capitalization for DOGE stands at $55,700,047,518.999.

It remains to be seen whether Musk's continued support for Dogecoin will translate into a sustained rally for the cryptocurrency. Investors should exercise caution and conduct thorough research before making any investment decisions.