Dogecoin Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 3.1% increase in price over the last 24 hours, reaching $0.08. Over the past week, the cryptocurrency has also risen by over 3.0%. Despite a decrease in trading volume by 31.0% and a slight drop in circulating supply by 0.33%, Dogecoin's market cap remains the 10th largest at $11.30 billion. The article includes a comparison of Dogecoin's price volatility over the past day and week using Bollinger Bands.
November 28, 2023 | 3:00 pm
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Dogecoin's price has increased by 3.1% in the last 24 hours, and it has maintained a steady rise over the past week. The trading volume has decreased, but the market cap remains strong, ranking 10th.
The positive price movement of Dogecoin, despite a decrease in trading volume, indicates strong investor confidence, which could lead to a short-term positive impact on its price. The market cap ranking suggests that Dogecoin remains a significant player in the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100