Dogecoin Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 6.74% decrease in price over the last 24 hours, now at $0.20, contrasting with a 12.0% increase over the past week. Trading volume has risen by 37.0%, while the circulating supply decreased by 0.57%, leading to a current market cap of $29.01 billion, ranking DOGE at #9.
April 01, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Dogecoin experienced a 6.74% decrease in price to $0.20 over the last 24 hours, despite a 12% increase over the past week, with a trading volume increase of 37% and a slight decrease in circulating supply.
The short-term price decrease of Dogecoin, despite its recent gains, suggests a potential volatility in its market value. The increase in trading volume alongside a decrease in circulating supply could indicate a higher demand, yet the price has fallen, which might lead to short-term negative sentiment among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100