The latest price of Dogecoin at 06:00 on October 28, 2024

(24-hour Dogecoin price trend)

Dogecoin Climbs: Gains 3.28% in 24 Hours

As of October 28, 2024, 6:00 AM UTC, Dogecoin (DOGE) is valued at $0.14120332901713. Within the past 24 hours, its trading volume has reached an impressive $990,871,320.88367. Compared to yesterday, DOGE has witnessed a commendable surge of 3.28404072%.

Key Dogecoin Statistics

• Circulating Supply: 146,546,326,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,546,326,383.71 DOGE
• Market Cap: $20,692,829,140.61

Market Dynamics

Dogecoin's recent price rise is attributed to several factors. Firstly, there has been a renewed interest in meme coins lately, and DOGE is one of the most recognizable in this category. Additionally, Tesla CEO Elon Musk has recently expressed his support for DOGE, which has also contributed to its bullish sentiment.

Outlook for Dogecoin

Analysts remain cautiously optimistic about Dogecoin's future. While its price has witnessed significant volatility in the past, the coin has consistently attracted a loyal following due to its fun and community-driven nature. As long as there is continued interest in meme coins and support from influential figures like Musk, DOGE has the potential for further growth.