Dogecoin Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 6.44% decrease in price over the last 24 hours, now at $0.08, despite a 1.0% increase over the past week. The trading volume has decreased by 10.0%, while the circulating supply has slightly risen by 0.04%, reaching 141.92 billion. Dogecoin's market cap is currently ranked #10, valued at $10.77 billion.
November 21, 2023 | 3:00 pm
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NEGATIVE IMPACT
Dogecoin's price has dropped by 6.44% in the last 24 hours, with a decrease in trading volume but a slight increase in circulating supply. The market cap remains strong at $10.77 billion.
The short-term impact on Dogecoin is negative due to the significant 6.44% decrease in price. The decrease in trading volume suggests lower investor interest, which could further pressure the price. However, the market cap ranking and slight increase in circulating supply indicate some resilience, which may limit the downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100