The latest price of Dogecoin at 07:00 on September 25, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surges: A Detailed Analysis

As of September 25, 2024, at 07:00 AM UTC, Dogecoin (DOGE) has witnessed a notable increase in its value. The latest price of DOGE stands at $0.10969928455156, marking a 1.77545771% surge in the past 24 hours.

This price action is accompanied by a healthy trading volume of $717,922,752.7485 over the past 24 hours, indicating a significant level of market activity for the cryptocurrency.

Supply and Circulation

The current circulating supply of DOGE stands at 140,953,263,833.71, representing 96.5% of the total supply of 146,095,326,383.71. This limited supply contributes to the scarcity and potential value appreciation of DOGE.

Market Capitalization

Based on the current circulating supply and price, the market capitalization of Dogecoin has reached $16,026,552,780.619. Market capitalization measures the total value of all the DOGE coins in circulation and is a crucial indicator of a cryptocurrency's overall market presence.

Outlook

The recent price increase of Dogecoin suggests a positive sentiment among investors and traders. The cryptocurrency has been gaining popularity in recent years due to its meme-like status and endorsement by high-profile figures such as Elon Musk.

However, it's important to note that cryptocurrency markets are highly volatile, and past performance does not guarantee future results. Investors should conduct thorough research and consider the risks involved before making any investment decisions regarding DOGE or any other cryptocurrency.