The latest price of Dogecoin at 15:00 on September 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Soars 7.78%

As of September 28, 2024, at 3:00 PM, the latest price of Dogecoin (DOGE) stood at $0.12645070386065. Over the past 24 hours, the trading volume reached a significant $1,341,252,382.3161, reflecting a surge in activity.

The recent upward trend in Dogecoin is evident in its 24-hour price increase of 7.78503655%. This growth indicates positive sentiment among investors and increased demand for the cryptocurrency.

Key Statistics

• Circulating Supply: 146,138,526,383.71
• Maximum Supply: N/A
• Total Supply: 146,138,526,383.71
• Market Cap: $18,479,319,522.377

Market Dynamics

The increase in Dogecoin's price can be attributed to several factors, including:

• Increased publicity: The recent surge in popularity of other meme coins, such as Shiba Inu, has drawn attention to the space and led to renewed interest in Dogecoin.
• Positive market sentiment: The broader cryptocurrency market has been trending upwards in recent weeks, providing a tailwind for Dogecoin and other altcoins.
• Technical breakout: Dogecoin has recently broken out of a downward sloping trendline, indicating a potential reversal in the price action.

Future Outlook

While the short-term trend for Dogecoin appears to be positive, it is important to note the volatility inherent in the cryptocurrency market. Investors should exercise caution and conduct thorough research before making any investment decisions.