The latest price of Dogecoin at 04:00 on September 30, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Recent Value and Market Statistics

As of September 30, 2024, at 04:00 UTC, the live price of Dogecoin (DOGE) stands at $0.12709290152713. This represents a 24-hour trading volume of $889,509,758.75142. Over the past 24 hours, Dogecoin's price has experienced a decline of 3.10727936%.

Key Cryptocurrency Metrics

• Bitcoin (BTC) circulating supply: 14,616,216,6383.71
• Dogecoin maximum supply: Not available
• Dogecoin total supply: 14,616,216,6383.71
• Dogecoin circulating market capitalization: $1,857,617,3819.196

Analysis and Commentary

Dogecoin's recent price movement suggests a downward trend, with a significant decline in value over the past 24 hours. This could be attributed to a number of factors, such as profit-taking from previous price surges, overall market volatility, or negative investor sentiment.

However, it is important to note that the cryptocurrency market is highly volatile and subject to rapid fluctuations. Dogecoin has a history of experiencing sharp price swings in both directions. Therefore, it is crucial for investors to exercise caution and conduct thorough research before making any investment decisions.

Additional Considerations

• Dogecoin's popularity and widespread use as a medium of exchange contribute to its market value.
• The cryptocurrency's limited supply may also play a role in supporting its price.
• Factors such as regulatory uncertainty and increased competition in the cryptocurrency industry can influence Dogecoin's price dynamics.