The latest price of Dogecoin at 13:00 on November 1, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update

At 13:00 EST on November 1, 2024, Dogecoin (DOGE) is trading at $0.15975524155298, with a 24-hour trading volume of $2286393104.5916. The price of DOGE has experienced a decline of -7.15885881% in the past 24 hours.

Key Market Statistics:

• Circulating Supply: 146605106383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146605106383.71 DOGE
• Market Cap: $23420934183.229

Recent Price Movements:

Dogecoin's price has seen significant fluctuations over the past 24 hours. After reaching a high of $0.17796048368134, the crypto asset faced a sharp sell-off, resulting in a drop to the current price level of $0.15975524155298. Technical indicators suggest that DOGE may experience further volatility in the short term.

Factors Influencing DOGE's Price:

• Overall cryptocurrency market sentiment: The general mood of the cryptocurrency market, including the performance of Bitcoin and Ethereum, can impact the price of DOGE.
• Social media hype: DOGE has a large and enthusiastic community on social media platforms like Twitter and Reddit. Positive sentiment and hype surrounding the coin can drive price increases.
• Exchange listings: News of Dogecoin being listed on reputable exchanges can increase demand and drive price appreciation.
• Speculation: Interest in DOGE as a speculative investment asset can lead to price fluctuations.
• Elon Musk activity: Elon Musk, the CEO of SpaceX and Tesla, has repeatedly mentioned Dogecoin on social media, which can influence investor sentiment.

Conclusion:

The price of Dogecoin remains volatile and subject to market fluctuations. Investors should carefully consider the risks associated with cryptocurrency investments and research the asset thoroughly before making any decisions.