Dogecoin ($DOGE ), the meme-inspired cryptocurrency featuring the Shiba Inu dog, trades at around $0.24 with a market cap exceeding $36 billion. It has seen a 1.1% gain in the last 24 hours but a 11.8% drop over the past week amid broader market volatility. Trading volume exceeds $3 billion daily, ranking it among top cryptocurrencies.
Current Market Stats: $DOGE coin holds a circulating supply of about 150 billion tokens with no maximum cap, enabling ongoing inflation. Its 24-hour range spans $0.235 to $0.248, while all-time high remains $0.73 from 2021. High liquidity appears on exchanges like Binance and OKX.
Recent Trends: Recent plunges below $0.18 support levels signal bearish pressure from whale sell-offs, though ETF anticipation from Bitwise sparks short-term optimism. Analysts eye $0.165 stabilization for recovery potential. Community-driven hype, including past Elon Musk endorsements, sustains volatility.
Trading Outlook: Short-term, defending key supports could trigger bounces, but sustained drops risk $0.07 lows. Long-term forecasts project growth to $804 billion market by 2035 at 24% CAGR, fueled by U.S. adoption and meme appeal. $DOGE chart.
