The latest price of Dogecoin at 05:00 on October 04, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Fluctuates: A Closer Look

As of October 4, 2024, 05:00 UTC, the price of Dogecoin (DOGE) stood at $0.10433294007585. The cryptocurrency's 24-hour trading volume amounted to $847,854,388.27361, indicating robust trading activity.

Over the past 24 hours, Dogecoin's price has dipped by -1.0837614%, suggesting a slight downward trend. This price fluctuation aligns with recent market volatility in the wider cryptocurrency ecosystem.

The circulating supply of DOGE is currently 146,217,226,383.71, contributing to a total supply of 146,217,226,383.71. The cryptocurrency has no maximum supply, allowing for its issuance without a fixed limit.

Dogecoin's market capitalization, which represents the total value of all DOGE in circulation, currently stands at $15,255,273,118.347. This metric highlights the significant presence of DOGE within the cryptocurrency market.

The overall performance of Bitcoin (BTC), the leading cryptocurrency, has also influenced market sentiment. BTC's recent price fluctuations have had a cascading effect on other cryptocurrencies, including DOGE.

Investors and traders should exercise caution when making trading decisions and monitor market conditions closely. Volatility in the cryptocurrency market is commonplace, and price fluctuations can occur rapidly. It is crucial to conduct thorough research and employ sound risk management strategies when investing in cryptocurrencies.