(24-hour Dogecoin price trend)
Dogecoin (DOGE): Price and Market Analysis
As of October 20, 2024, 10:00 AM EST, Dogecoin (DOGE) is trading at $0.14114595610848. The 24-hour trading volume for DOGE stands at $1688551116.9612.
Price Performance
Over the past 24 hours, DOGE has experienced a price decrease of 2.98650763%. This price fluctuation follows a broader market trend, with most major cryptocurrencies showing modest declines.
Circulating Supply
The current circulating supply of DOGE is 146439346383.71. This represents approximately 98% of the total supply.
Tokenomics
DOGE does not have a maximum supply limit. Instead, it has an inflation rate of 5% per year. This means that new DOGE tokens are constantly being minted and will continue to be produced indefinitely.
Market Capitalization
The current market capitalization of DOGE is $20669321557.229. This places DOGE among the top 10 cryptocurrencies by market capitalization.
Conclusion
Dogecoin's price is influenced by a number of factors, including market conditions, investor sentiment, and news events. Despite its price volatility, DOGE remains a popular cryptocurrency with a large and active community. Investors considering investing in DOGE should conduct thorough research and understand the risks associated with cryptocurrency investments.
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