The latest price of Dogecoin at 10:00 on October 3, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Analysis

October 3, 2024, 10:00 AM

At the time of writing, Dogecoin (DOGE) is trading at $0.10633600667345 with a 24-hour trading volume of $902,930,869.48615. DOGE has witnessed a decline of 1.76089123% over the past 24 hours.

Key Metrics:

• Circulating Supply: 146,206,376,383.71
• Maximum Supply: N/A
• Total Supply: 146,206,376,383.71
• Market Capitalization: $15,547,002,214.838

Market Overview:

Despite the recent price dip, DOGE remains one of the most popular cryptocurrencies, with a loyal community known as Dogecoiners. The coin has benefited from its association with Elon Musk, who has frequently tweeted about his support for DOGE.

Factors Influencing DOGE's Price:

• Elon Musk's Influence: Musk's tweets and comments about DOGE have a significant impact on its price.
• Community Sentiment: The Dogecoin community is highly active and vocal, often driving sentiment and price fluctuations.
• Regulatory Developments: The cryptocurrency market is subject to increasing regulatory scrutiny, which could impact DOGE's price in the long term.
• Technical Analysis: Chart patterns and indicators suggest that DOGE may be in a consolidating phase after the recent decline.
• Overall Market Trend: The broader cryptocurrency market is experiencing a period of consolidation, which has also influenced DOGE's price.

Conclusion:

While DOGE has faced some price volatility in the short term, its long-term prospects remain uncertain. The coin's future price will depend on a combination of factors, including community support, regulatory developments, and the overall direction of the cryptocurrency market.