The latest price of Dogecoin at 07:00 on September 27, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge in September 2024

As of September 27, 2024, at 7 AM UTC, Dogecoin (DOGE) was trading at $0.11762158316881. The 24-hour trading volume amounted to $1,339,877,535.6106, indicating a significant increase in market activity.

Over the past 24 hours, the price of DOGE has seen a notable surge of 8.40655093%. This upward trend suggests growing investor confidence in the cryptocurrency.

Regarding the supply dynamics of DOGE, the circulating supply stands at 1,461,227,963,833.71. While there is no maximum supply limit, the total supply is fixed at the same level as the circulating supply.

The current market capitalization of DOGE is estimated at $17,187,194,647.705, indicating a significant market value despite its relatively modest price point.

The recent price increase of DOGE can potentially be attributed to several factors, including increased awareness, favorable market sentiment, and positive news and developments surrounding the cryptocurrency. Additionally, the overall crypto market has experienced a rebound in recent weeks, which has positively impacted DOGE.

However, it is important to note that the cryptocurrency market is highly volatile, and price fluctuations can occur rapidly. Investors should exercise caution and carefully consider their risk tolerance before investing in any cryptocurrency, including DOGE.