The latest price of Dogecoin at 09:00 on December 13, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: December 13, 2024

As of December 13, 2024, at 09:00 AM, the live price of Dogecoin (DOGE) stands at $0.40822382392681. The 24-hour trading volume for DOGE is $5466371670.0305. Dogecoin has experienced a slight decline of -0.27380646% in the past 24 hours.

Key Supply and Distribution Statistics

• Circulating supply: 147176116383.71
• Maximum supply: N/A
• Total supply: 147176116383.71
• Market capitalization: $60080797020.853

About Dogecoin

Dogecoin is a decentralized, peer-to-peer digital currency that was created in 2013 by Billy Markus and Jackson Palmer. It is based on the Litecoin protocol and uses the Scrypt algorithm for mining. Dogecoin has a large and active community, known for its charitable donations and lighthearted approach to cryptocurrency.

Dogecoin's initial value was very low, but it has since experienced significant fluctuations in price. In January 2021, the price of DOGE surged following endorsements from Tesla CEO Elon Musk and other high-profile individuals. While its price has since cooled, Dogecoin remains a popular and widely traded cryptocurrency.

Market Analysis

The recent price decline of Dogecoin is likely due to a combination of factors, including global economic uncertainty and profit-taking from earlier gains. However, DOGE has maintained a stable market capitalization and continues to be supported by a strong community.

Analysts believe that Dogecoin has the potential for further growth in the future, particularly if it can gain wider adoption as a means of payment or as a store of value. It is important to note, however, that all cryptocurrency investments carry inherent risk, and investors should always conduct thorough research before making any financial decisions.