The latest price of Dogecoin at 06:00 on October 31, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Recent Price Analysis and Market Update

As of October 31, 2024, at 06:00 UTC, Dogecoin (DOGE) trades at $0.17052157383873, with a 24-hour trading volume of $2405685642.1564. Over the past 24 hours, DOGE has faced a price decline of -2.24892024%.

Key Market Statistics:

• Circulating Supply: 146587686383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146587686383.71 DOGE
• Market Cap: $24996362987.528

Price Performance:

The price of Dogecoin has fluctuated significantly over the past 24 hours. At the time of writing, it has faced a price correction since its opening price of $0.17515818441588 on October 31, 2024.

Market Sentiment:

The recent price decline may indicate a subdued market sentiment towards DOGE. However, it's important to note that cryptocurrencies are highly volatile and subject to rapid fluctuations.

Conclusion:

Dogecoin is among the most popular meme coins in the cryptocurrency market. Its price movements are driven by a combination of fundamental factors, market sentiment, and social media hype. While DOGE has experienced a recent price decline, its long-term price trajectory remains uncertain. As with all investments, it's crucial to conduct thorough research and adopt a cautious approach when investing in Dogecoin or any other cryptocurrency.