Dogecoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 3.87% decrease in price over the last 24 hours, continuing a negative trend from the past week. Despite a 0.0% change over the week, the trading volume has increased by 11.0%, and the circulating supply has slightly decreased by 0.01%. Dogecoin's market cap remains at $12.87 billion, ranking it 11th.
December 26, 2023 | 7:02 pm
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NEGATIVE IMPACT
Dogecoin's price has fallen by 3.87% in the past 24 hours and has shown no significant change over the past week. The trading volume has increased, and the circulating supply has marginally decreased.
The price drop of 3.87% in the last 24 hours indicates a negative short-term sentiment, which could lead to a further decrease in price. The increase in trading volume suggests higher interest, but it may not be enough to counteract the downward price pressure. The slight decrease in circulating supply is typically a positive signal, but it seems negligible in this context.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100