(24-hour Dogecoin price trend)
Dogecoin's Price Trend and Market Performance
As of November 1, 2024, 3:00 PM UTC, the latest price of Dogecoin (DOGE) is $0.15637188613143. Over the past 24 hours, the trading volume of DOGE has amounted to $2308041067.9596, signaling significant market activity.
In the last 24 hours, the price of Dogecoin has experienced a notable decline of -8.70759819%. This price movement indicates a bearish sentiment among investors and traders.
Supply Dynamics of Dogecoin
The current circulating supply of Dogecoin stands at 146606226383.71. It does not have a definitive maximum supply, implying that new DOGE tokens can potentially be created in the future. The total supply of DOGE remains at 146606226383.71.
Market Capitalization
The total market capitalization of Dogecoin, calculated by multiplying the current price by the circulating supply, is $22925092138.231. This metric measures the overall value of all DOGE tokens in circulation.
Factors Influencing DOGE's Price
The price of Dogecoin is influenced by various factors, including market sentiment, news and announcements, whale activity, and overall cryptocurrency market trends. The recent price decline could be attributed to a combination of these factors.
Conclusion
As the cryptocurrency market continues to evolve, it is important to monitor the price trends and market dynamics of Dogecoin. The information provided in this report offers insights into the current state of DOGE and should be considered alongside other analysis and market knowledge when making investment decisions.
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