Dogecoin Down More Than 10% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (DOGE) has experienced a significant decline, falling 10.51% in the past 24 hours to $0.12. Over the past week, it has lost 14.0% of its value. Despite the price drop, trading volume has increased by 46.0%, and the circulating supply has grown by 0.07%. Dogecoin's market cap is currently ranked #9 at $17.49 billion.
June 18, 2024 | 3:00 pm
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NEGATIVE IMPACT
Dogecoin (DOGE) has seen a sharp decline of 10.51% in the past 24 hours, continuing a week-long negative trend with a 14.0% loss. Despite the price drop, trading volume has surged by 46.0%, and the circulating supply has slightly increased. The market cap stands at $17.49 billion, ranking it #9.
The significant price drop of Dogecoin, combined with increased trading volume, suggests heightened market activity and potential investor concern. The continued negative trend over the past week indicates bearish sentiment, likely leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100