The latest price of Dogecoin at 03:00 on October 4, 2024

(24-hour Dogecoin price trend)

Dogecoin on the Rise: October 4, 2024 Update

As of October 4, 2024, at 03:00 UTC, Dogecoin (DOGE) stood at $0.10426701697988, reflecting a 0.04552512% increase in the past 24 hours. This surge in value has pushed the 24-hour trading volume to $917,445,937.23141.

Key Metrics:

• Circulating supply: 146,216,046,383.71
• Maximum supply: N/A
• Total supply: 146,216,046,383.71
• Market capitalization: $15,245,510,991.02

Market Outlook:

Dogecoin has witnessed a significant uptrend in recent weeks, driven by renewed interest from investors and growing adoption by businesses. The past 24 hours have been particularly positive, with a steady increase in both price and trading volume.

Factors Influencing Price:

• Market sentiment: Positive sentiment surrounding Dogecoin has played a crucial role in its recent surge. Speculation about its potential long-term value and its increasing acceptance as a payment method have boosted demand.
• Elon Musk: Dogecoin has received strong support from Elon Musk, the CEO of Tesla and SpaceX. His tweets and comments have helped raise awareness and drive investment in the cryptocurrency.
• Utility: The growing adoption of Dogecoin by businesses, such as AMC Theatres and Newegg, is increasing its utility as a payment option. This enhances its appeal and potential for future growth.

Long-Term Prospects:

The future of Dogecoin remains uncertain, but the current momentum suggests continued growth potential. The support from Elon Musk and the increased adoption by businesses provide a strong foundation for long-term success. However, investors should be cautious as the cryptocurrency market is volatile and subject to fluctuations.