The latest price of Dogecoin at 03:00 on October 18, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: October 18, 2024

As of October 18, 2024, 03:00 AM UTC, Dogecoin (DOGE) is trading at $0.12145936818813, with a 24-hour trading volume of $1,357,441,427.3822. Over the past 24 hours, DOGE has experienced a decline of -3.93671592%.

Key Metrics:

• Circulating Supply: 146,407,396,383.71
• Maximum Supply: Not specified
• Total Supply: 146,407,396,383.71
• Market Cap: $17,782,549,862.833

Recent Price Movement:

DOGE has been exhibiting a downward trend since reaching a high of $0.13371574273643 on October 15, 2024. Despite a brief rally that started on October 17, the price has since reversed course and continued its decline.

Factors Influencing Price:

Several factors may be contributing to the recent price drop of DOGE:

• General market sentiment: The broader cryptocurrency market has been experiencing a correction, with Bitcoin and other major altcoins also seeing price declines.
• Profit-taking: Some investors may be selling their DOGE holdings to realize their profits after seeing the coin reach higher prices.
• Increased competition: The crypto market is constantly evolving, with new projects and tokens emerging that could compete with DOGE for attention and investment.

Outlook:

The future price trajectory of DOGE remains uncertain. The market is highly volatile, and several factors could influence its price in the coming days and weeks. However, the strong community support and growing list of businesses accepting DOGE as payment suggest that the coin has the potential for long-term growth.