(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Steady Decline Continues

As of November 18, 2024, 03:00 UTC, Dogecoin (DOGE) is trading at $0.35953399845249, indicating a 3.65715331% decrease in the past 24 hours. The 24-hour trading volume stands at $7,539,363,094.3636, reflecting a significant amount of activity in the DOGE market.

Dogecoin Supply Statistics

The circulating supply of Dogecoin currently stands at 146,831,866,383.71 DOGE, with a maximum supply and total supply that both remain undefined. This suggests that the supply of DOGE is potentially infinite.

Market Capitalization

The market capitalization of Dogecoin, calculated by multiplying the current price by the circulating supply, is approximately $52,791,048,021.175. This indicates that DOGE is ranked among the top cryptocurrencies by market capitalization.

Market Analysis

The recent price decline of DOGE is a continuation of a downward trend that has persisted for the past few weeks. Market analysts attribute this trend to a combination of factors, including concerns about the overall cryptocurrency market, investor sentiment, and exchange listings.

Despite the recent setbacks, Dogecoin remains a popular cryptocurrency with a strong community. Its relatively low price and wide acceptance on social media make it a potentially attractive investment for some. However, investors should always exercise caution and conduct thorough research before making any investment decisions.