The latest price of Dogecoin at 10:00 on October 2, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update

As of October 2, 2024, 10:00 AM, Dogecoin (DOGE) is trading at $0.10812303894544. The 24-hour trading volume is $1,306,797,752.07. Over the past 24 hours, DOGE has experienced a price change of -6.52054703%.

Key Metrics:

• Circulating Supply: 146,193,036,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,193,036,383.71 DOGE
• Market Capitalization: $15,806,835,366.467

Recent Price Movement:

Dogecoin has exhibited significant price fluctuations in recent days. After a period of sustained growth, the asset has faced a slight correction. However, it is crucial to note that the overall market sentiment for DOGE remains positive.

Factors Influencing DOGE's Value:

Several factors contribute to the price movement of Dogecoint, including:

• Market Conditions: Broader market conditions, such as the performance of Bitcoin and other cryptocurrencies, can impact the value of DOGE.
• Social Media Sentiment: Dogecoin has a strong social media presence. Positive or negative sentiment expressed on platforms like Twitter can influence investor confidence.
• Elon Musk's Influence: Prominent figures like Elon Musk have voiced their support for Dogecoin, which can drive demand for the asset.
• Adoption and Use Cases: The development of new applications and use cases for DOGE can increase its value and utility.

Future Outlook:

The long-term outlook for Dogecoin remains uncertain. However, given its strong community support and potential for growth, analysts believe that DOGE could recover its recent losses and regain its bullish momentum.

Investors should always conduct thorough research before making any investment decisions. The cryptocurrency market is highly volatile, and it is essential to weigh the risks and rewards carefully.