Dogecoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin's price has fallen 3.57% to $0.07 in the past 24 hours, continuing its negative trend over the past week. The trading volume for the coin has risen 13.0% over the past week, while the circulating supply has decreased 0.2% to 141.65 billion. The current market cap ranking for DOGE is #10 at $9.46 billion.
November 01, 2023 | 3:00 pm
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NEGATIVE IMPACT
Dogecoin's price has fallen 3.57% in the past 24 hours, and its trading volume has risen 13.0% over the past week. The circulating supply has decreased 0.2% to 141.65 billion.
The decrease in Dogecoin's price, coupled with an increase in trading volume and a decrease in circulating supply, indicates a negative short-term impact on the asset. The increased trading volume suggests a higher level of interest in selling the asset, which could further drive down the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100