Dogecoin Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin's price has fallen 6.08% to $0.07 in the past 24 hours, continuing its negative trend over the past week with an 8.0% loss. The trading volume for the coin has increased 44.0% over the past week, while the overall circulating supply of the coin has decreased 0.36%. The current market cap ranking for DOGE is #8 at $9.75 billion.
August 16, 2023 | 3:00 pm
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NEGATIVE IMPACT
Dogecoin's price has fallen 6.08% in the past 24 hours, continuing its negative trend over the past week with an 8.0% loss. The trading volume for the coin has increased 44.0% over the past week.
The price of Dogecoin has been on a downward trend, which is likely to continue given the recent 6.08% drop. The increase in trading volume suggests that more investors are selling off their holdings, which could further drive down the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100