(24-hour Dogecoin price trend)

Dogecoin Price Action Remains Subdued, Dips in Value

As of November 8, 2024, 7:00 AM UTC, the price of Dogecoin (DOGE) stands at $0.19200939619066. Over the past 24 hours, the trading volume has amounted to $4377772914.4546, indicating a significant amount of activity in the cryptocurrency market.

However, despite this trading volume, DOGE has faced a decline in value. In the last 24 hours, the price dropped by -2.93209113%, indicating a bearish trend. The current circulating supply of DOGE is 146697806383.71, with a total supply of 146697806383.71 and a fixed maximum supply.

The market capitalization of DOGE stands at $28167357226.23, making it one of the top cryptocurrencies by market capitalization. However, the recent price drop suggests that investors may be cautious about DOGE's short-term prospects.

It remains to be seen whether DOGE can recover from this dip in value or whether it will continue to face bearish sentiment. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.