The latest price of Dogecoin at 03:00 on October 05, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges 5% as Price Rises to $0.10986560937856

As of October 5, 2024, 03:00 AM UTC, the live price of Dogecoin (DOGE) stands at $0.10986560937856. Over the past 24 hours, DOGE has experienced a notable surge of 5.54435331%, resulting in a substantial increase in its value.

The 24-hour trading volume for DOGE has reached $681,471,888.7079, indicating significant trading activity and liquidity in the market.

Key Metrics:

• Current Price: $0.10986560937856
• 24-Hour Change: +5.54435331%
• 24-Hour Trading Volume: $681,471,888.7079
• Circulating Supply: 146,230,006,383.71
• Maximum Supply: N/A
• Total Supply: 146,230,006,383.71
• Market Cap: $16,065,648,760.777

Analysis:

The recent surge in DOGE's price can be attributed to several factors, including positive news and community support. Dogecoin has gained significant attention as a symbol of online tipping and community building, leading to increased demand for the cryptocurrency.

Moreover, the broader crypto market has been experiencing positive momentum in recent days, with many major cryptocurrencies showing signs of recovery. This has also contributed to the upward trend in DOGE's price.

Conclusion:

Dogecoin has demonstrated remarkable resilience and continues to gain traction as a popular cryptocurrency. The recent price surge is a testament to the strong community support and the growing popularity of DOGE in the digital currency landscape. As the market continues to evolve, it will be intriguing to follow the trajectory of Dogecoin and its long-term value proposition.