The latest price of Dogecoin at 03:00 on October 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surges 9.29%

As of October 17, 2024, at 03:00 AM, the price of Dogecoin (DOGE) has reached $0.1264368268781, marking a 9.29220981% increase over the past 24 hours. The 24-hour trading volume for DOGE stands at $2,165,202,393.0612.

Circulating and Total Supply

DOGE has a circulating supply of 146,393,656,383.71. The cryptocurrency does not have a maximum supply or a total supply, meaning that new DOGE coins can be created indefinitely.

Market Capitalization

The market capitalization of DOGE, calculated by multiplying the circulating supply by the current price, is $18,509,549,388.239. This makes DOGE the 10th largest cryptocurrency by market capitalization.

Recent Price Movements

In the past week, the price of DOGE has fluctuated significantly. It reached a low of $0.1128 on October 10th and a high of $0.1301 on October 15th. The current price is slightly below the recent high, but well above the week's low.

Factors Influencing the Price

The price of DOGE is influenced by a combination of factors, including:

• Elon Musk's support: Elon Musk, the CEO of Tesla and SpaceX, is a vocal supporter of DOGE. His tweets about the cryptocurrency can significantly impact its price.
• Market sentiment: The overall sentiment in the cryptocurrency market can affect the price of DOGE. Positive sentiment leads to increased buying, while negative sentiment results in selling.
• Altcoin market trends: DOGE is an altcoin, which means it is not a Bitcoin or an Ethereum. The performance of the altcoin market can impact the price of DOGE.

Conclusion

The price of Dogecoin has experienced substantial volatility in recent days. While the current surge is encouraging, it is important to note that the cryptocurrency market is highly speculative, and prices can change rapidly. Investors should conduct thorough research and exercise caution before making any trading decisions.