(24-hour Dogecoin price trend)

Dogecoin (DOGE) Cedes Gains

As of November 15, 2024, at 7:00 AM EST, Dogecoin (DOGE) traded at $0.36392552647172, marking an 8.21643579% decline over the preceding 24 hours. The cryptocurrency registered a trading volume of $15,278,808,419.929 within the same period.

Key Statistics

• Circulating Supply: 146,793,446,383.71
• Maximum Supply: N/A
• Total Supply: 146,793,446,383.71
• Market Capitalization: $53,421,882,257.788

Analysis

Dogecoin's price has been on a downward trend in recent days, with investors becoming more risk-averse amid broader economic uncertainty and regulatory headwinds in the cryptocurrency market. The cryptocurrency's value has dropped significantly from its all-time high of over $0.74, reached in May 2021, due in large part to the broader market downturn and a reduction in retail investor interest.

Despite its price fluctuations, Dogecoin remains one of the most popular meme coins and has a loyal community of supporters. Its low transaction fees and fast confirmation times continue to attract a segment of users who prioritize these features. However, it is essential to note that DOGE's volatility and lack of fundamental value should be considered before making any investment decisions.