The latest price of Dogecoin at 08:00 on October 29, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Shows Promising Growth with Hike in Value

As of October 29, 2024, at 08:00 UTC, the latest price of Dogecoin (DOGE) stands at $0.16101838538778, marking an 11.66267384% increase in the past 24 hours. This surge in value has been accompanied by a notable increase in trading volume, which currently stands at $307,270,5646.7133.

Dogecoin's current market capitalization is $23,599,037,541.102, indicating the total value of all circulating DOGE coins. The circulating supply of Dogecoin is 146,561,136,383.71, which represents the number of coins that are currently in the hands of investors and traders.

It's important to note that Dogecoin has a maximum supply limit, meaning that there is a finite number of coins that can be created. The maximum supply of DOGE is set at 146,561,136,383.71, ensuring that the currency is not subject to inflation due to an unlimited increase in supply.

Dogecoin has gained significant popularity in the cryptocurrency market due to its meme-inspired origins and its association with the popular internet celebrity Elon Musk. The cryptocurrency has seen substantial growth in recent months, with its value rising steadily over time.

While Dogecoin's long-term performance remains to be seen, its recent price increase and surge in trading volume suggest that investors are showing renewed interest in this digital asset. As the cryptocurrency market continues to evolve, it will be interesting to observe how Dogecoin's value and market position continue to shape up in the coming months.