The latest price of Dogecoin at 13:00 on October 20, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update

As of October 20, 2024, 1:00 PM, the price of Dogecoin (DOGE) stands at $0.14123836951639. This represents a decline of -1.36311023% over the past 24 hours.

Volume and Market Capitalization

In the past 24 hours, the trading volume of Dogecoin has amounted to $1562316058.8319. The cryptocurrency has a circulating supply of 146441076383.71 and a maximum supply of unlimited. The total supply is also 146441076383.71.

Given its circulating supply and current price, Dogecoin's market capitalization stands at approximately $20683098858.66. This places it among the top cryptocurrencies by market capitalization.

Outlook and Considerations

The price of Dogecoin has been volatile in recent months, influenced by factors such as market sentiment, regulatory developments, and news surrounding the cryptocurrency. It is important for investors to conduct thorough research and consider market conditions before making any investment decisions.

The limited supply of Bitcoin compared to Dogecoin's unlimited supply could be a factor in the price difference between the two cryptocurrencies. The meme-coin status of Dogecoin and its large community of supporters also play a role in its valuation.

As with any investment, it is crucial to practice caution, invest only what you can afford to lose, and monitor market movements closely.