The latest price of Dogecoin at 12:00 on October 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Gathers Momentum with 4.38% Surge

As of October 28, 2024, 12:00 PM, the live price of Dogecoin (DOGE) stands at $0.1444004233283. The cryptocurrency experienced a significant increase in trading volume over the past 24 hours, reaching $1401337370.4133.

Dogecoin's price has shown an impressive surge of 4.3851363% in the past 24 hours. This uptrend indicates positive market sentiment and growing investor interest in the meme coin.

Key Metrics of Dogecoin:

• Circulating Supply: 146549986383.71 DOGE
• Max Supply: None
• Total Supply: 146549986383.71 DOGE
• Market Capitalization: $21161880072.564

Factors Influencing Dogecoin's Price Growth:

• Community Support: Dogecoin has gained immense popularity and support within the crypto community due to its whimsical nature and accessible price point.
• Elon Musk Influence: The renowned entrepreneur and CEO of Tesla has frequently endorsed Dogecoin on social media, sparking interest in the cryptocurrency.
• Low Transaction Fees: DOGE is known for its low transaction fees, making it a popular choice for making online purchases and sending funds.

Market Outlook:

Dogecoin's upward trend indicates optimism among traders and investors. If the momentum continues, DOGE could potentially break through key resistance levels and reach higher price targets in the coming weeks and months. However, it's essential to remember that cryptocurrency prices are highly volatile, and investors should exercise caution and monitor the market closely.