(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of October 1, 2024, at 3:00 PM UTC, the live Dogecoin (DOGE) price is $0.11874741935919, with a 24-hour trading volume of $919,781,233.14621. The price of Dogecoin has decreased by -3.01075444% over the past 24 hours.
Key Metrics:
- Bitcoin Circulation Supply: 146,181,876,383.71
- Dogecoin Circulation Supply: 146,181,876,383.71
- Dogecoin Total Supply: Unlimited
- Dogecoin Market Cap: $17,358,720,577.65
Technical Analysis:
Over the past month, the price of Dogecoin has fluctuated significantly, showcasing both upward and downward trends.
- On September 1, 2024, DOGE reached its highest point of the month at $0.13741316657343.
- On September 15, 2024, it experienced a significant drop, reaching a low of $0.09872104709365.
- Since then, the price has gradually recovered, but it remains below its previous high.
Factors Affecting Dogecoin's Price:
The price of Dogecoin is influenced by various factors, including:
- Market sentiment: The overall confidence or pessimism among investors can impact the demand and supply of DOGE.
- Elon Musk's tweets: Elon Musk's tweets and statements regarding Dogecoin have historically had a significant influence on its price.
- Market volatility: The cryptocurrency market as a whole is highly volatile, which can affect the price of individual coins like Dogecoin.
- Supply and demand: The scarcity or abundance of DOGE in the market can influence its price.
Conclusion:
The price of Dogecoin is subject to constant change, driven by various factors. Despite its volatility, DOGE remains a popular cryptocurrency among retail investors.
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