The latest price of Dogecoin at 16:00 on November 3, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update

As of November 3, 2024, at 4:00 PM, the latest price of Dogecoin (DOGE) was $0.15172097373867, with a 24-hour trading volume of $1,561,788,416.1749. DOGE has witnessed a decline of -5.63924712% in the past 24 hours.

Key Statistics

• Circulating supply: 146,634,606,383.71 DOGEs
• Maximum supply: Unlimited
• Total supply: 146,634,606,383.71 DOGEs
• Market capitalization: $22,247,545,264.322

Market Analysis

The recent price movement of DOGE suggests a bearish trend. The cryptocurrency's value has dropped significantly in the past 24 hours, despite its recent recovery from its all-time low. The decline points towards ongoing market volatility and uncertainty surrounding the future of DOGE.

Factors Influencing DOGE's Price

Several factors are likely influencing DOGE's price fluctuations:

• Speculation and Hype: DOGE remains a popular speculative asset among crypto enthusiasts. Its price is heavily influenced by hype and community sentiment.
• Market Sentiments: Broader market conditions, such as overall economic indicators and geopolitical events, can impact the price of cryptocurrencies, including DOGE.
• Large Transactions: Large-scale purchases or sales by institutional investors or whales can significantly affect the price of DOGE due to its relatively low liquidity.

Future Outlook

Experts believe that DOGE's long-term value may depend on its adoption and use cases. The growing popularity of meme coins and the increasing acceptance of cryptocurrencies as a form of payment could contribute to DOGE's potential for growth. However, it's important to note that the cryptocurrency market is highly volatile, and DOGE's price can be unpredictable.