Dogecoin Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (DOGE) has fallen 4.15% in the past 24 hours to $0.12, continuing its negative trend with an 8.0% loss over the past week. Trading volume has increased by 19.0% while the circulating supply decreased slightly. DOGE's market cap is currently $17.10 billion, ranking it #10.
June 24, 2024 | 3:03 pm
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NEGATIVE IMPACT
Dogecoin (DOGE) has experienced a 4.15% price drop in the past 24 hours, continuing its 8.0% decline over the past week. Despite the price drop, trading volume has increased by 19.0%, indicating heightened trading activity. The circulating supply has slightly decreased, and DOGE's market cap stands at $17.10 billion, ranking it #10.
The 4.15% drop in Dogecoin's price over the past 24 hours, coupled with an 8.0% decline over the past week, indicates a negative short-term trend. The increase in trading volume suggests heightened market activity, but the overall price movement is downward. This is likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100