Dogecoin Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 4.45% increase in price over the last 24 hours, reaching $0.08, despite a 1.0% decline over the past week. The coin's all-time high is $0.73. Trading volume has decreased by 19.0%, while the circulating supply has risen by 0.36% to 142.86 billion. Dogecoin's market cap is currently ranked #11 at $11.68 billion.
January 29, 2024 | 7:01 pm
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Dogecoin's price has increased by 4.45% in the last 24 hours, showing a short-term positive trend despite a weekly decline. The market cap remains strong at $11.68 billion.
The recent 4.45% increase in Dogecoin's price may lead to a positive short-term sentiment among investors, potentially driving the price up further. However, the decrease in trading volume and the recent weekly loss may temper the gains. The increase in circulating supply could also have a dilutive effect on the price. The market cap ranking indicates a strong position in the cryptocurrency market, which may bolster investor confidence.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100