The latest price of Dogecoin at 07:00 on October 2, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of October 2, 2024, at 07:00 AM, the current price of Dogecoin (DOGE) stands at $0.1068948760446. Over the past 24 hours, the trading volume has reached $1,349,919,450.6032, indicating significant activity in the market.

Price Movement

In the past 24 hours, Dogecoin's price has experienced a notable decline of -6.97310472%. This downward trend has pushed the coin's value below the $0.11 mark.

Circulating Supply

The circulating supply of Dogecoin currently stands at 146,191,386,383.71 DOGE, while the maximum supply remains undetermined. This means that the total number of DOGE that can ever be created has not yet been set.

Market Capitalization

The market capitalization of Dogecoin, calculated by multiplying the current price by the circulating supply, is $15,627,110,126.275. This figure represents the total value of all DOGE coins in circulation and is used to rank cryptocurrencies based on their overall market dominance.

Overall Context

Dogecoin's recent price drop may be attributed to several factors, including the broader bearish sentiment in the cryptocurrency market and profit-taking from investors who had held the coin for a period of time. However, the long-term outlook for DOGE remains uncertain, as it is highly influenced by speculative trading and social media hype.