(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Update
As of October 1, 2024, 04:00 UTC, the latest price of Dogecoin (DOGE) stands at $0.11781265256536. This represents a decrease of 8.03029619% over the past 24 hours.
Trading Volume and Market Capitalization
The 24-hour trading volume for Dogecoin is $948,476,932.92993. The circulating supply of Dogecoin is 146,175,576,383.71, while the total supply remains undefined.
Market Dominance
Dogecoin's market dominance, which measures its share of the total cryptocurrency market capitalization, is not available from the provided information.
Price Analysis
The recent price action for Dogecoin has been volatile. Over the past week, the price has fluctuated significantly, with both gains and losses. However, the overall trend remains bearish, with the price having fallen by over 20% since the beginning of the month.
Factors Influencing Price
Various factors can influence the price of Dogecoin, including:
- Market Sentiment: The overall sentiment towards the cryptocurrency market can impact the price of DOGE.
- News and Events: Positive or negative news and events related to Dogecoin can drive price fluctuations.
- Whale Activity: Large holders, known as whales, can have a significant impact on the price by buying or selling significant amounts of DOGE.
Conclusion
The price of Dogecoin is currently facing downward pressure. While it is possible for the price to rebound in the future, investors should exercise caution and closely monitor market conditions before making any investment decisions.
CaptainAltcoin
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