The latest price of Dogecoin at 02:00 on October 12, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge on October 12, 2024

As of October 12, 2024, at 02:00 UTC, Dogecoin (DOGE) has registered a significant price increase. At the time of writing, DOGE trades at $0.1109491550441, marking a 6.26116218% surge in value over the past 24 hours.

Trading Volume and Market Statistics

The 24-hour trading volume for Dogecoin currently stands at a substantial $690772456.21058, indicating healthy market activity. The market capitalization of DOGE is estimated at $16234603644.84.

Supply Characteristics

Dogecoin has a circulating supply of approximately 146324716383.71. As for its total supply and maximum supply, these details are not provided in the given information.

Factors Driving Price Increase

The recent price appreciation for DOGE can be attributed to several potential factors:

• Positive sentiment surrounding the broader cryptocurrency market.
• Increased adoption and usage of Dogecoin as an alternative payment method.
• Speculation and hype generated by social media and online communities.

Outlook

While the cryptocurrency market remains volatile, the recent price surge in Dogecoin suggests that it continues to gain attention and acceptance. It remains to be seen if the positive trend will persist in the long term.

Disclaimer: The cryptocurrency market is highly volatile and involves significant risk. Investors should conduct thorough research and exercise caution before making any investment decisions.