The latest price of Dogecoin at 12:00 on August 13, 2024

(24-hour Dogecoin price trend)

Dogecoin Surges 2.95% as Market Sentiment Rebounds

As of August 13, 2024, at 12:00 PM UTC, Dogecoin (DOGE) is trading at $0.10465046014846. The cryptocurrency has experienced a 24-hour trading volume of $828,961,469.90205, indicating a surge in market activity.

Despite recent market volatility, Dogecoin has shown resilience, posting a 2.95039694% gain in the past 24 hours. This positive price movement suggests that investor sentiment towards DOGE is improving.

Key Metrics

• Circulating Supply: 145,511,406,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 145,511,406,383.71 DOGE
• Market Cap: $15,227,835,634.904

Factors Influencing DOGE's Price

• Elon Musk's Influence: As a well-known supporter of Dogecoin, Elon Musk's endorsements and tweets often impact its price.
• Market Sentiment: The broader cryptocurrency market sentiment can significantly influence the price of individual cryptocurrencies like DOGE.
• Exchange Listings: The listing of Dogecoin on major cryptocurrency exchanges can increase its exposure and drive demand.
• Adoption: Wider adoption of Dogecoin for payments and transactions could boost its value.

Future Outlook

Market predictions and price forecasts for Dogecoin are subject to numerous factors, including regulatory developments, technological advancements, and macroeconomic conditions. However, the recent price increase suggests that the cryptocurrency has potential for further growth in the coming months. It remains essential for investors to conduct thorough research and consider market risks before investing in any cryptocurrency.