Dogecoin (DOGE) has taken a slight stumble in the past 24 hours, dropping 5.76% to $0.10. This dip comes despite a positive trend over the past week, where the meme-inspired cryptocurrency saw a 3.0% gain, rising from $0.10 to its current price.
Looking at the bigger picture, the chart below highlights the difference in price movement and volatility between the daily and weekly trends. The gray bands represent Bollinger Bands, which measure volatility. Wider bands indicate increased volatility. The chart clearly shows that Dogecoin’s price has experienced a greater fluctuation in the past 24 hours compared to its performance over the past week.
In addition to price movements, Dogecoin’s trading volume has increased by 4.0% over the past week. This increase in volume coincides with a 0.0% rise in the circulating supply of the coin, bringing the total to 145.97 billion. Based on current data, DOGE holds the #9 spot in market cap ranking, valued at $14.57 billion.
These fluctuations in Dogecoin’s price and trading volume reflect the dynamic nature of the cryptocurrency market. As always, it’s important to stay informed and conduct thorough research before making any investment decisions.
