Dogecoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin's price has fallen by 3.02% in the last 24 hours to $0.10, despite a 2.0% increase over the past week. Trading volume has decreased by 21.0%, while the circulating supply has increased slightly. Dogecoin's market cap is ranked #9 at $15.19 billion.
August 27, 2024 | 3:03 pm
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NEGATIVE IMPACT
Dogecoin's price has decreased by 3.02% in the last 24 hours, contrasting with a weekly uptrend. The trading volume has dropped significantly, while the circulating supply has slightly increased.
The 3.02% drop in Dogecoin's price over the last 24 hours, along with a significant decrease in trading volume, suggests a short-term negative impact on its price. The increase in circulating supply adds to the downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100