(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of October 18, 2024, at 3:00 PM UTC, Dogecoin (DOGE) is trading at $0.13476557507781. The 24-hour trading volume stands at $1,990,476,674.0119. Over the past 24 hours, the price of Dogecoin has experienced a significant increase of 9.7861381%.
Key Metrics
- Circulating supply: 146,414,306,383.71 DOGE
- Maximum supply: N/A
- Total supply: 146,414,306,383.71 DOGE
- Market cap: $19,731,608,199.419
Market Performance
The recent price surge of Dogecoin has propelled it up the cryptocurrency rankings. DOGE is currently ranked among the top 10 cryptocurrencies by market capitalization. The positive momentum in the market has been attributed to several factors, including the growing adoption of cryptocurrencies, the upcoming launch of Dogecoin's mainnet upgrade, and the overall bullish sentiment in the crypto market.
Outlook
Analysts believe that the current price action of Dogecoin is indicative of strong bullish sentiment. The technical indicators on the daily chart suggest that DOGE has broken out of a bearish trend and could be poised for further gains. However, investors should exercise caution and consider the volatile nature of the cryptocurrency market before making any investment decisions.
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