The latest price of Dogecoin at 06:00 on November 3, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis for November 3, 2024

At 06:00 UTC on November 3, 2024, Dogecoin (DOGE) was trading at $0.1589272463435. The 24-hour trading volume for DOGE was $1381904339.629. In the past 24 hours, the price of DOGE had increased by 0.49116817%.

Key DOGE Metrics:

• Circulating Supply: 146628616383.71
• Maximum Supply: Not applicable
• Total Supply: 146628616383.71
• Market Capitalization: $23303282237.019

DOGE Price Action:

Over the past 24 hours, DOGE's price has experienced a modest increase. The high point during this period was $0.160490157888, while the low point was $0.157400850939.

DOGE Market Dynamics:

The surge in DOGE's price can be attributed to several factors, including:

• Increased Institutional Adoption: More institutional investors are considering DOGE as a potential investment due to its decentralized nature and low transaction fees.
• Growing Meme Culture: DOGE's status as a "meme coin" continues to drive its popularity among retail investors, especially those active on social media platforms.
• Strong Community Support: The Dogecoin community remains highly engaged and supportive of the project, contributing to its overall value.

Projections and Outlook:

Analysts are cautiously optimistic about the future of DOGE. While the price is currently fluctuating within a relatively narrow range, the long-term outlook is positive due to factors such as its strong community, low supply, and increasing demand from institutional investors.

Conclusion:

Dogecoin (DOGE) has shown resilience and continued growth in the cryptocurrency market. Its unique characteristics, including its decentralized nature, low transaction fees, and meme culture, have appealed to a wide range of investors. While the price of DOGE is volatile, its long-term potential remains significant.