Dogecoin's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) saw a 4.63% price increase over the last 24 hours to $0.14, despite a weekly trend of a 6.0% decrease from $0.15. The trading volume has increased by 28.0%, while the circulating supply decreased by 0.68%, leading to a current market cap of $19.99 billion, ranking DOGE at #9.
May 03, 2024 | 3:02 pm
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Dogecoin's price increased by 4.63% to $0.14, with a 28% rise in trading volume and a slight decrease in circulating supply, indicating a strong short-term interest.
The price increase of Dogecoin, coupled with a significant rise in trading volume despite a decrease in circulating supply, suggests a growing short-term interest in DOGE. This could lead to further short-term price increases, especially considering its recent performance against a weekly downtrend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100