The latest price of Dogecoin at 13:00 on October 16, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: October 16, 2024, 1:00 PM UTC

As of October 16, 2024, 1:00 PM UTC, Dogecoin (DOGE) is trading at $0.11841314504351, reflecting a 1.65182824% increase in the past 24 hours. The 24-hour trading volume for DOGE stands at $1,362,103,006.9369.

Key Statistics

• Circulating Supply: 146,385,886,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,385,886,383.71 DOGE
• Market Capitalization: $17,334,013,196.677

Market Overview

The overall cryptocurrency market has experienced mixed signals in recent days. Bitcoin (BTC), the leading cryptocurrency, is currently trading at around $25,000, showing a slight decline from its previous peak. Ethereum (ETH), the second-largest cryptocurrency, is also facing a slight downward trend.

Dogecoin Outlook

Dogecoin has been gaining popularity as an alternative cryptocurrency to Bitcoin and Ethereum. Its unique attributes, such as its unlimited supply and the support of the "Dogecoin Army," have contributed to its rise in value.

Technically, the price of DOGE is trending above the 200-day moving average, which is a positive sign. However, it is still facing resistance at the $0.125 level. If it breaks above this resistance, it could potentially rise further.

Cautionary Note

It's important to note that the cryptocurrency market is highly volatile and can change rapidly. As such, investors should proceed with caution and conduct thorough research before making any investment decisions.