Dogecoin Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) experienced a 5.57% price drop in the last 24 hours, contrasting with a 4.0% gain over the past week. The trading volume decreased by 65%, and the circulating supply fell by 1.57%, resulting in a current market cap ranking of #10 at $23.69 billion.
March 12, 2024 | 7:00 pm
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NEGATIVE IMPACT
Dogecoin saw a 5.57% decrease in price over the last 24 hours, despite a weekly gain. The trading volume and circulating supply also decreased.
The significant drop in Dogecoin's price over the last 24 hours, coupled with a decrease in trading volume and circulating supply, suggests a negative short-term impact on its price. Despite the overall positive trend over the past week, the immediate price action and market dynamics indicate potential downward pressure on DOGE-USD.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100