The latest price of Dogecoin at 12:00 on October 16, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges: Latest Price and Market Analysis

As of October 16, 2024, 12:00 PM, Dogecoin (DOGE) is trading at $0.11651473584229, with a 24-hour trading volume of $1,345,895,562.574. Over the past day, DOGE has witnessed a positive price movement, gaining 0.15698889%.

Key Metrics

• Circulating Supply: 146,384,986,383.71 DOGE
• Maximum Supply: Unavailable
• Total Supply: 146,384,986,383.71 DOGE
• Market Cap: $17,056,008,019.774

Market Performance

Dogecoin's price has fluctuated significantly in recent months. It reached a peak of $0.15 in February 2023, driven by social media buzz and celebrity endorsements. However, the market downturn has since caused the cryptocurrency's value to decline.

Factors Influencing the Price

Several factors influence the price of Dogecoin, including:

• Market sentiment: Positive news and social media hype can drive up demand for DOGE.
• Whales: Large holders of Dogecoin can significantly impact the price by buying or selling significant amounts.
• Meme culture: Dogecoin has a strong connection to memes and internet culture, which can influence its popularity and value.

Investment Potential

Dogecoin's investment potential is uncertain. While it has experienced substantial gains in the past, its volatility and meme-driven nature make it a risky investment. Investors should proceed with caution and conduct thorough research before investing in DOGE.