The latest price of Dogecoin at 16:00 on July 23, 2024

(24-hour Dogecoin price trend)

Dogecoin's Price Surge and Supply Dynamics

As of July 23, 2024, 4:00 PM, Dogecoin (DOGE) has witnessed a substantial surge in its market performance. The latest price of DOGE stands at $0.13425961386288, representing a 2.2203474% increase over the past 24 hours.

This price surge is accompanied by a remarkable surge in trading volume, which has reached $1356973656.9662 over the same period. The elevated trading activity indicates a high level of market participation and investor interest in DOGE.

Furthermore, the supply dynamics of Dogecoin play a crucial role in its price movements. The current circulating supply of DOGE stands at 145230936383.71, with a maximum supply limit and a total supply of 145230936383.71. This limited supply can potentially contribute to the upward pressure on DOGE's price, as it restricts the availability of the asset in the market.

Dogecoin's current market capitalization, representing the total value of all DOGE in circulation, has soared to $19498649439.821. This high market capitalization further reflects the significant market presence and value associated with DOGE.

Overall, Dogecoin's recent price surge and favorable supply dynamics suggest a growing market demand and interest in the cryptocurrency. The limited supply and elevated trading volume point to potential upside potential for DOGE in the near future. However, it's important to note that cryptocurrency investments carry inherent risk, and potential investors should conduct thorough due diligence before making any investment decisions.