The latest price of Dogecoin at 10:00 on October 20, 2024

(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.