(24-hour Dogecoin price trend)

Dogecoin Price Analysis: DOGE Dips Below $0.37, Down 6.47%

At 13:00 UTC on December 19, 2024, Dogecoin (DOGE) was trading at $0.36159028511871, marking a 24-hour decline of -6.4710851%. The 24-hour trading volume for DOGE stood at $655,383,8254.2091.

Key DOGE Metrics (as of December 19, 2024, 13:00 UTC):

• Price: $0.36159028511871
• 24-Hour Trading Volume: $655,383,8254.2091
• Price Change (24 Hour): -6.4710851%
• Circulating Supply: 147,260,926,383.71 DOGE
• Maximum Supply: -
• Total Supply: 147,260,926,383.71 DOGE
• Market Cap: $53,248,120,357.929

Factors Influencing DOGE Price:

Several factors are potentially influencing the price of DOGE:

• Market Sentiment: Overall market sentiment towards cryptocurrencies has been bearish in recent months, which may have impacted the price of DOGE.
• Regulatory Developments: Regulatory measures aimed at cryptocurrencies, such as the upcoming regulations in the United States, can create uncertainty and affect market valuation.
• Competition: Dogecoin faces competition from other meme coins and altcoins, which can affect its market share and price.
• Elon Musk's Influence: Elon Musk, CEO of Tesla and SpaceX, has been a vocal supporter of DOGE in the past. His tweets and endorsements have had a significant impact on the price of the token.

Conclusion:

The price of Dogecoin has been on a downward trend in the past 24 hours, with a decline of -6.4710851%. Investors should closely monitor market conditions and consult with financial advisors before making any investment decisions.