As a writer for the Dogecoin News Hub, I am pleased to bring you the daily market analysis of Dogecoin. Today’s analysis is based on data from September 4, 2023.
Current Market Status
Dogecoin stands resilient in the market with a current price of $0.0632. The 24-hour price range for Dogecoin was recorded between $0.063779 and $0.062855. Alongside, the 24-hour trading volume tallied up to $203,481,650, suggesting a solid volume activity.
With a market capitalization reaching $8,907,496,166, Dogecoin proudly retains its place among the top 50 Cryptos. It now sits in the 9th position by market cap rank, showing a market cap dominance of 742.2913.
Price Movement Overview
Over the past 7 days, Dogecoin’s price has seen a minimal fluctuation. The coin’s 7-day price range stands at 0.9739%, indicating a steady movement. In terms of the price trend within this timeframe, it has marked a slight drop of -16.9133%.
Dogecoin’s all-time high remains at $0.731578, while its all-time low is recorded at a near-zero 8.69E-05. As of today, there is a circulating supply of 140,869,616,383.705 DOGE, and no specific max supply has been declared.
24-hour Price Prediction
Looking forward, it’s expected that Dogecoin will continue its steady pattern in the next 24 hours, provided no serious fluctuations occur in the overall crypto market.
7-day Price Prediction
On a larger scale, the same stability is expected to stick around for the next 7 days. However, investor sentiment, currently positive at 69.64%, could also play a role in influencing Dogecoin’s price.
In conclusion, as we see the correlation of Dogecoin’s price with Bitcoin, currently standing at $25,878, it’s interesting to note the potential of Dogecoin in the crypto market. Its performance, alongside other major cryptocurrencies, shows that, although it started as a ‘joke’, Dogecoin indeed means business. Stay tuned for daily updates as we continue to monitor the volatile crypto market.