The latest price of Dogecoin at 15:00 on October 23, 2024

(24-hour Dogecoin price trend)

Dogecoin's Price Fluctuates Amidst Recent Market Trends

As of October 23, 2024, 3:00 PM UTC, the price of Dogecoin (DOGE) stands at $0.13976669353121. This represents a 24-hour trading volume of $1,445,058,260.2434.

Over the past 24 hours, the price of Dogecoin has fluctuated significantly, currently experiencing a decrease of -4.19146725%. This decline comes amidst a broader market downturn.

Key Statistics

• Circulating supply: 146,483,006,383.71
• Maximum supply: Not applicable
• Total supply: 146,483,006,383.71
• Market capitalization: $20,473,445,460.762

Market Factors

The recent price fluctuations of Dogecoin are likely influenced by various factors, including:

• Volatility in the crypto market: Broader market trends, such as the recent decline in Bitcoin's price, can impact the value of all cryptocurrencies.
• Investor sentiment: Changes in investor confidence and expectations can drive price fluctuations.
• News and events: Positive or negative news related to Dogecoin can also influence demand and pricing.

Historical Performance

Since its launch in 2013, Dogecoin has experienced significant price volatility. Its value initially rose dramatically in 2021, driven by increased investor interest and social media hype. However, it has since experienced pullbacks and fluctuations.

Conclusion

Dogecoin's recent price fluctuations reflect the ongoing volatility in the crypto market. While short-term fluctuations are common, long-term performance will likely depend on market conditions, investor sentiment, and adoption rates.