The latest price of Dogecoin at 10:00 on November 1, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update: November 1, 2024

As of 10:00 AM on November 1, 2024, Dogecoin (DOGE) is priced at $0.15931993987311, with a 24-hour trading volume of $2,260,294,594.2459. Over the past 24 hours, DOGE has experienced a price decrease of -6.98812537%.

Key Metrics

• Circulating Supply: 146,603,686,383.71
• Maximum Supply: Not applicable
• Total Supply: 146,603,686,383.71
• Market Cap: $23,356,890,499.828

Market Performance

Since its launch in 2013, Dogecoin has established itself as a popular meme cryptocurrency, known for its loyal community and its association with internet culture. In 2021, DOGE experienced exponential growth, surging to a peak price of $0.7376 in May. However, the cryptocurrency has since faced price volatility and competition from other players in the market.

Factors Influencing DOGE's Price

The price of DOGE is influenced by a combination of factors, including:

• Market sentiment and demand
• Major news and partnership announcements
• Social media hype and celebrity endorsements
• Economic factors
• Overall cryptocurrency market performance

Outlook

The future trajectory of Dogecoin's price remains uncertain. Some analysts believe that its popularity and community support will continue to drive its value, while others cite its fundamental limitations as a potential hindrance. The cryptocurrency market is known for its volatility, making it difficult to predict future price movements with accuracy.

Note: This information is for informational purposes only and should not be considered financial advice. Investors should conduct their own thorough research and due diligence before making any investment decisions.