The latest price of Dogecoin at 09:00 on December 17, 2024

(24-hour Dogecoin price trend)

Real-Time Dogecoin (DOGE) Price Update: December 17, 2024

As of 9:00 AM UTC on December 17, 2024, the latest price of Dogecoin (DOGE) stands at $0.39747991589676. This represents a decrease of -3.53723033% over the past 24 hours.

Key Trading Data

• 24-hour trading volume: $3756733637.2042
• Circulating supply: 147231056383.71 DOGE
• Maximum supply: Unlimited
• Total supply: 147231056383.71 DOGE
• Market capitalization: $58521387908.786

Analysis

The current price of Dogecoin reflects a recent downward trend. The decrease over the past 24 hours is indicative of a sell-off or weakening demand for the cryptocurrency. However, it is important to note that the cryptocurrency market is highly volatile, and price fluctuations are common.

Factors Influencing DOGE Price

• Elon Musk's Influence: Dogecoin has been closely associated with Tesla CEO Elon Musk. Musk's tweets and comments on the cryptocurrency have significantly impacted its price in the past.
• Market Sentiment: The overall sentiment in the cryptocurrency market can also affect DOGE's price. Positive news or events in the broader market tend to boost the value of cryptocurrencies, while negative sentiment can lead to price declines.
• Whales and Large Investors: Large holders of DOGE, known as "whales," can influence the price by buying or selling significant amounts. Whales may also manipulate the market to their advantage.

Conclusion

The price of Dogecoin is currently exhibiting a downward trend. Factors such as Elon Musk's influence, market sentiment, and large investors' actions continue to impact the cryptocurrency's price. It is important to conduct thorough research and consider these factors before making any investment decisions.