The latest price of Dogecoin at 15:00 on September 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: Slight Decline in Value

As of September 17, 2024, at 3:00 PM, Dogecoin (DOGE) is valued at $0.10043476426434. The trading volume over the past 24 hours has reached $441,205,096.40272.

In the past 24 hours, the price of Dogecoin has experienced a slight decline of -1.67307788%. Despite this minor fluctuation, the coin has remained relatively stable in recent weeks.

Circulating Supply and Market Cap

The current circulating supply of Dogecoin is 145,990,596,383.71. The coin does not have a maximum or total supply limit.

The market capitalization of Dogecoin currently stands at $14,662,531,132.607. This figure represents the total value of all DOGE coins in circulation.

Historical Performance

Dogecoin has experienced significant price volatility since its creation. In early 2021, it reached an all-time high of $0.737600. However, the value subsequently declined and has fluctuated ever since.

Influencing Factors

The price of Dogecoin is influenced by a variety of factors, including:

• Market sentiment: Positive news or events can boost the demand for DOGE, while negative sentiment can lead to a decline in value.
• Adoption and utility: Widespread adoption and integration of Dogecoin as a payment method can support its long-term growth.
• Competition: The cryptocurrency market is highly competitive, and the emergence of other popular altcoins can impact the performance of DOGE.
• Elon Musk: Tesla CEO Elon Musk has been a vocal supporter of Dogecoin, and his tweets and comments can often cause price fluctuations.

It's important to note that cryptocurrency markets can be volatile and subject to dramatic price swings. Investors should always conduct thorough research and consider their risk tolerance before making investment decisions.