Dogecoin has experienced a slight dip over the last week, with a 24-hour trading volume of 323,421,516.0000. The current price at the time of writing stands at $0.0615, slightly lower than the 24-hour high of $0.061971.
The crypto has been performing fairly stably with a market capitalization of $8,674,307,828.0000, securing its place in the top ten cryptocurrencies, ranking 9th based on market capitalization in the top 50 Crypto list.
Dogecoin 24-hour Price Prediction
Surprisingly dropping 4.017% in a 7-day run, the popular meme coin seems to project a steeper drop, projecting a 24-hour low of approximately $0.059416.
7-day Price Prediction
While the crypto maintains its standing in a bearish trend with a significant price drop, showing a decline of 19.22945% over the past week, investors are advised to tread carefully.
Dogecoin’s historical data and market sentiment can serve as essential indicators for future price prediction. As it stands, the market sentiment holds 53.03% positive. This depicts a mix of bearish and bullish investors, though the slightly higher percentage of positivity could hint towards a potential uplift.
Correlation with Bitcoin and Other Cryptos
Tracking the correlation of Dogecoin with other major cryptocurrencies like Bitcoin, it is notable that market trends align closely, with Bitcoin standing at a price of $26,101.00.
While it’s no guarantee that Dogecoin will follow Bitcoin’s trend, investors commonly use this indicator as part of their decision-making process.
Despite the recent fluctuations, it’s important to remember that the crypto market is extremely volatile, and prices can vary massively throughout the day. Holders of Dogecoin should be prepared for both rises and dips and always execute due diligence when trading.
With a maximum supply of Dogecoin not applicable, the number of Dogecoin circulating the market at this moment is about 140,977,036,383.705 coins. The Dogecoin coin has also experienced its all-time high of $0.731578 and a contrastingly low price of 8.69E-05.
Nonetheless, the potential for profitability still exists even in a bear market, and many investors remain hopeful for the future of Dogecoin.
