The latest price of Dogecoin at 15:00 on October 5, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges, Trading at $0.109 Amid Market Stability

As of October 5, 2024, 3:00 PM UTC, Dogecoin (DOGE) is trading at $0.10911984135758, witnessing a moderate increase of 1.19305978% in the past 24 hours. The cryptocurrency's 24-hour trading volume stands at $612,959,520.70384, indicating a relatively stable market environment.

Key Metrics:

• Current Price: $0.10911984135758
• 24-Hour Trading Volume: $612,959,520.70384
• 24-Hour Price Change: 1.19305978%
• Circulating Supply: 146,236,866,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,236,866,383.71 DOGE
• Market Capitalization: $15,957,343,660.42

Market Dynamics:

Dogecoin's recent price appreciation aligns with the broader cryptocurrency market's recovery trend. Despite occasional volatility, the market has shown signs of stability in recent days. Bitcoin (BTC), the dominant cryptocurrency, has maintained its position above the $20,000 mark, providing some support to the altcoin market.

The Dogecoin community remains active and enthusiastic, with developers working on various projects and initiatives. The upcoming Dogechain blockchain, scheduled for launch in 2023, is expected to bring additional functionality and use cases to the Dogecoin ecosystem.

Outlook:

Dogecoin's price movements will likely continue to be influenced by broader market conditions and community sentiment. While the cryptocurrency's performance has been volatile in the past, its loyal user base and increasing adoption could provide support for future growth.