The latest price of Dogecoin at 01:00 on October 24, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Recent Price Movements and Statistics

As of October 24, 2024, 01:00 UTC, the live Dogecoin (DOGE) price is $0.13721425049597. The 24-hour trading volume for DOGE stands at $1,308,561,449.9733. Over the past day, DOGE's price has experienced a decrease of -0.58610554%.

Key Cryptocurrency Metrics for DOGE

• Circulating Supply: 146,488,936,383.71
• Maximum Supply: N/A
• Total Supply: 146,488,936,383.71
• Market Capitalization: $20,100,369,611.842

Dogecoin's Price Performance

The current price of DOGE indicates a shift in market sentiment towards the cryptocurrency. The dip in price over the past 24 hours is in line with broader market trends that have seen many cryptocurrencies lose value. It remains to be seen whether this price decline is a short-term fluctuation or a more prolonged downturn.

Factors Influencing DOGE's Price

The price of DOGE is influenced by various factors, including:

• Market Sentiment: Dogecoin's price is heavily influenced by overall market sentiment towards cryptocurrencies. Bullish sentiment can drive prices higher, while bearish sentiment can lead to price declines.
• Elon Musk's Influence: CEO of Tesla and SpaceX, Elon Musk, has been a vocal supporter of Dogecoin and his tweets and statements can significantly impact its price.
• Exchange Listings: The availability of DOGE on major cryptocurrency exchanges can increase its accessibility and liquidity, potentially boosting its price.
• Competition: Dogecoin faces competition from other cryptocurrencies, including similar meme coins like Shiba Inu (SHIB) and Floki Inu (FLOKI), which can affect its price performance.

Conclusion

The recent price movements of Dogecoin indicate a volatile market environment. Investors should exercise caution and conduct thorough research before making any investment decisions. By monitoring market conditions and key cryptocurrency metrics, individuals can stay informed about the evolving price trends of Dogecoin and other crypto assets.