The latest price of Dogecoin at 06:00 on October 9, 2024

(24-hour Dogecoin price trend)

Dogecoin Prices Hold Steady Despite Market Fluctuations

As of October 9, 2024, at 06:00 UTC, Dogecoin (DOGE) is valued at $0.10789486578101, representing a -3.5740841% change in the past 24 hours.

Trading Activity and Market Value

The cryptocurrency's trading activity has remained relatively high, with a 24-hour volume of $656,536,887.0901 being recorded. Dogecoin's circulating supply stands at 146,286,056,383.71, with no data available on its maximum or total supply.

As a result of the current price and circulating supply, the market value of Dogecoin is estimated to be $15,783,514,419.153.

Market Sentiment

While Dogecoin has experienced a slight decline in value over the past 24 hours, it remains a popular cryptocurrency within the market. Its value is heavily influenced by social media trends and celebrity endorsements, which can lead to significant fluctuations in its price.

Factors Influencing Price

Several factors can impact Dogecoin's price, including:

• Speculation and market sentiment
• Supply and demand
• Major cryptocurrency market trends
• Blockchain upgrades and platform updates
• News and events related to Dogecoin

It's important to note that the cryptocurrency market is highly volatile and subject to frequent changes. Investors should exercise caution and conduct thorough research before making any investment decisions.