The latest price of Dogecoin at 16:00 on October 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge

As of October 17, 2024, at 4 PM, Dogecoin (DOGE) was trading at $0.12160440617997. This represents an increase of 0.4910053% over the past 24 hours.

The 24-hour trading volume for DOGE stands at $21,788,079,733.2255. The cryptocurrency's market capitalization is $17,803,054,871.159, circulating supply of 146,401,396,383.71 DOGE, and maximum supply of 146,401,396,383.71 DOGE.

Factors Contributing to DOGE's Price Increase

Several factors appear to have contributed to the recent surge in DOGE's price:

• Community support: DOGE has a loyal and supportive community, which has helped maintain its popularity and contributed to its price increases.
• Elon Musk's tweets: Tesla and SpaceX CEO Elon Musk has frequently tweeted about DOGE, which has attracted attention and boosted demand.
• Favorable market conditions: The broader cryptocurrency market has been bullish in recent weeks, which has provided a tailwind for DOGE and other coins.

Outlook for DOGE

Analysts believe DOGE's price is likely to continue rising in the short term. The coin has strong community support, and its association with Elon Musk has significantly boosted its visibility. However, as with any cryptocurrency, the price is subject to fluctuations, and caution is advised when making investment decisions.