Dogecoin Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin's price has fallen 6.16% to $0.07 in the past 24 hours, contrasting its positive trend over the past week where it gained 5.0%. The trading volume of Dogecoin has increased by 56.0% over the past week, and the circulating supply has increased by 0.07%, bringing the total to 141.76 billion. The current market cap ranking for DOGE is #10 at $10.09 billion.
November 09, 2023 | 7:00 pm
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NEGATIVE IMPACT
Dogecoin's price has dropped 6.16% in the past 24 hours, but it has seen a 5.0% gain over the past week. The trading volume has increased by 56.0% and the circulating supply by 0.07%.
The recent drop in Dogecoin's price could lead to a short-term negative impact on its value. However, the increase in trading volume and circulating supply indicates a heightened interest in the cryptocurrency, which could potentially offset the price drop in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100