(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Analysis and Market Dynamics

As of November 16, 2024, 03:00 AM UTC, Dogecoin (DOGE) is trading at $0.36189530404397 with a 24-hour trading volume of $12,221,609,555.568. Over the past 24 hours, DOGE has experienced a price decline of -7.72296311%.

Circulation and Supply

Bitcoin's (BTC) circulating supply currently stands at 146,804,736,383.71. Dogecoin has a maximum supply of N/A, a total supply of 146,804,736,383.71, and a circulating supply of 146,804,736,383.71.

Market Capitalization

The live market capitalization of Dogecoin is currently $53,127,944,708.676. This figure represents the total value of all circulating DOGE tokens.

Key Market Insights

• Price Fluctuations: DOGE's price has been experiencing significant volatility in recent months. After a surge in 2021, the price has since fallen back, although it has shown signs of recovery in the past few weeks.
• Trading Volume: The daily trading volume for DOGE remains high, indicating active market participation.
• Market Dominance: Dogecoin's market dominance, which measures its share of the total cryptocurrency market, is currently around 1%.
• Community Support: Dogecoin has a large and active online community that provides a strong foundation for the cryptocurrency's long-term growth and stability.
• Technical Analysis: Technical indicators suggest that DOGE is in a bearish trend in the short term. However, key support levels may provide a basis for price recovery in the future.