(24-hour Dogecoin price trend)
Dogecoin (DOGE) Market Update: October 27, 2024
As of 4:00 AM UTC on October 27, 2024, the price of Dogecoin (DOGE) stood at $0.13706118473656. This represents an increase of 1.35189863% over the past 24 hours.
The 24-hour trading volume for DOGE was recorded at $1,172,753,718.6422. This indicates a significant amount of trading activity in the Dogecoin market.
Supply Metrics:
- Circulating supply: 146,531,816,383.71
- Maximum supply: Not applicable
- Total supply: 146,531,816,383.71
The total supply value represents the fixed number of DOGE coins that have been created and will ever exist. The circulating supply, which is less than the total supply, indicates the number of DOGE coins currently in circulation.
Market Capitalization:
The market capitalization of Dogecoin, calculated by multiplying the circulating supply by the current price, is $20,083,824,355.15. This value reflects the total market value of all circulating DOGE coins.
Conclusion:
The recent price appreciation and high trading volume in Dogecoin suggest that the cryptocurrency is currently experiencing a period of increased interest and demand. The long-term viability and value of DOGE will depend on several factors, including its adoption as a payment method, the support of the Dogecoin community, and overall market conditions.
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