The latest price of Dogecoin at 05:00 on October 5, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Surge of 5.50%

As of October 5, 2024, 5:00 AM, the price of Dogecoin (DOGE) stands at $0.11008073605039. This represents a significant surge of 5.50909039% within the last 24 hours. The 24-hour trading volume for DOGE is currently at $677,656,936.56478.

Circulating Supply: 146,230,866,383.71 DOGE

Max Supply: N/A

Total Supply: 146,230,866,383.71 DOGE

Market Cap: $16,097,201,404.805

Key Insights:

• DOGE has experienced a notable price appreciation within the last 24 hours.
• The trading volume remains substantial, indicating ongoing market activity.
• DOGE's circulating supply remains constant, while its total supply remains undetermined.

This price increase highlights a renewed interest in Dogecoin, which has gained popularity as a speculative asset and a payment option. The surge in trading volume suggests an increased demand for DOGE, driven by factors such as market sentiment, news events, and social media hype.

While DOGE's value can be volatile, it has established a loyal following due to its potential for rapid price movements and its association with the Dogecoin community. Traders should exercise caution and conduct thorough research before investing in any cryptocurrency, including DOGE.