(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of September 17, 2024, 12:00 AM UTC, Dogecoin (DOGE) is trading at $0.099566160828043. This represents a 5.79511429% decrease in value over the past 24 hours.
Trading Volume
In the past 24 hours, DOGE's trading volume has been $566,149,192.27361. This indicates significant trading activity, suggesting that the market for DOGE remains liquid.
Supply
- Circulating Supply: 145,982,056,383.71 DOGE
- Maximum Supply: Unlimited
- Total Supply: 145,982,056,383.71 DOGE
The unlimited maximum supply of DOGE means that there is no limit to the number of coins that can be created. This is in contrast to Bitcoin, which has a maximum supply of 21 million coins.
Market Capitalization
The current market capitalization of DOGE is $14,534,872,903.908. This places DOGE as the 10th largest cryptocurrency by market capitalization, according to CoinMarketCap.
Price Movement
In the past month, DOGE has shown a mixed performance. The price has fluctuated between $0.06 and $0.12, with no clear trend emerging.
Factors Influencing Price
Several factors can influence the price of DOGE, including:
- Overall market sentiment
- News and developments related to DOGE
- Social media buzz
- Whale activity
Conclusion
The price of Dogecoin has been volatile in recent months, but it remains one of the most popular and well-known cryptocurrencies. Its unlimited supply, combined with its strong community support, makes it a potential investment for investors looking for high-risk, high-reward opportunities. However, it is important to proceed with caution and conduct thorough research before investing in any cryptocurrency.
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