(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update - December 19, 2024, 12:00 PM

As of December 19, 2024, 12:00 PM, Dogecoin (DOGE) traded at $0.36392715510384, with a 24-hour trading volume of $6,817,919,607.8946. Over the past 24 hours, DOGE has experienced a decline of 6.7240997%.

Key Cryptocurrency Metrics:

• Circulating Supply: 147,260,076,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,260,076,383.71 DOGE
• Market Capitalization: $53,591,940,658.697

Market Analysis:

DOGE's price has been on a downward trend in recent days. The current price represents a significant decline from its recent high of $0.4203887 on December 16, 2024. This latest drop could be attributed to a combination of factors, including a broader market downturn and profit-taking by investors.

Despite the recent decline, analysts remain optimistic about DOGE's long-term prospects due to its strong community support and its increasing adoption as a payment method by various merchants. Dogecoin's low price also makes it an attractive option for small-scale investors seeking entry into the cryptocurrency market.

Additional Information:

• Dogecoin is a popular cryptocurrency based on the Doge meme.
• It was created in 2013 by Billy Markus and Jackson Palmer.
• DOGE is a decentralized cryptocurrency that uses blockchain technology.
• It has a large and active community of supporters.
• Dogecoin has been featured in several high-profile partnerships, including with the Dallas Mavericks NBA team.