The latest price of Dogecoin at 09:00 on September 18, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge

As of September 18, 2024, 09:00 UTC, Dogecoin (DOGE) is valued at $0.10047389362726. Over the past 24 hours, trading volume has reached $485,753,296.45748, with a significant price increase of 1.50245714%.

Key Statistics:

• Circulating Supply: 146,000,796,383.71 DOGE
• Max Supply: None
• Total Supply: 146,000,796,383.71 DOGE
• Market Capitalization: $14,669,268,485.351

Dogecoin's Performance:

Dogecoin has experienced a steady rise in value in recent months. Its price has fluctuated within a relatively narrow range, demonstrating its stability despite market volatility. Notably, DOGE has outperformed other cryptocurrencies in terms of price appreciation, gaining favor among retail investors.

Factors Influencing DOGE:

• Elon Musk's Support: Tesla and SpaceX CEO Elon Musk has been a vocal supporter of Dogecoin, boosting its popularity and driving its price higher.
• Increased Adoption: More businesses are now accepting DOGE as a form of payment, expanding its use cases and increasing its value.
• Community Engagement: Dogecoin has a strong and active community, which constantly promotes the cryptocurrency and contributes to its growth.
• Limited Supply: Unlike many other cryptocurrencies, DOGE has no maximum supply, but its issuance rate is capped. This creates a sense of scarcity and supports its value.

Outlook:

Analysts predict that Dogecoin's price will continue to rise in the long term. Its increasing popularity, solid fundamentals, and the backing of influential figures bode well for its future. However, investors should be aware of market risks and invest prudently.