The latest price of Dogecoin at 17:00 on October 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update: October 28, 2024

As of 5:00 PM UTC on October 28, 2024, the current price of Dogecoin (DOGE) is $0.14285878737844. The 24-hour trading volume for DOGE is $1,569,233,468.3187, representing a 3.38399162% increase over the past 24 hours.

Key Metrics:

• Circulating Supply: 146,552,556,383.71
• Maximum Supply: Not Applicable
• Total Supply: 146,552,556,383.71
• Market Capitalization: $20,936,320,492.186

Market Performance:

In the past 24 hours, the price of DOGE has increased by 3.38399162%, indicating a positive trend for the cryptocurrency. The market may be responding to factors such as increased investor confidence or positive news surrounding the DOGE ecosystem.

Competition with Bitcoin:

While DOGE and Bitcoin (BTC) are both cryptocurrencies, they are distinct in terms of their market capitalization, circulating supply, and utility. BTC has a significantly larger market capitalization and is widely considered the leading cryptocurrency. DOGE, on the other hand, has a smaller market capitalization but has gained popularity as a meme coin and for its low transaction fees.

Conclusion:

The cryptocurrency market remains volatile and subject to fluctuations. While the price of DOGE has shown a positive trend in the past 24 hours, it is important to note that its market performance can change rapidly based on various factors. Investors are advised to conduct thorough research and exercise caution when making investment decisions.