Dogecoin Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (DOGE) has fallen by 5.05% in the past 24 hours to $0.16, continuing a week-long downward trend. Trading volume has decreased by 47.0% over the past week, while the circulating supply has slightly increased. Dogecoin's market cap is currently ranked #9 at $23.55 billion.
May 28, 2024 | 3:00 pm
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Dogecoin (DOGE) has experienced a 5.05% price drop in the past 24 hours, continuing a week-long decline. Trading volume has decreased significantly by 47.0%, while the circulating supply has slightly increased. The market cap is currently ranked #9 at $23.55 billion.
The significant drop in Dogecoin's price and trading volume indicates a bearish sentiment among investors. The increase in circulating supply adds to the downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100