The latest price of Dogecoin at 17:00 on October 4, 2024

(24-hour Dogecoin price trend)

Dogecoin Soars, Surpassing Bitcoin in Trading Volume

As of October 4, 2024, 5:00 PM UTC, Dogecoin (DOGE) has surged to a price of $0.1078155958793, marking a 4.8934261% increase over the past 24 hours. This impressive performance has been accompanied by a massive trading volume of $774,393,358.44914, surpassing even the trading volume of Bitcoin during the same period.

While the exact reasons behind Dogecoin's recent rally are unclear, analysts speculate that the cryptocurrency's popularity and strong community support may have contributed to its bullish momentum. Dogecoin, known for its association with the popular "Doge" meme, has gained a loyal following among retail investors and enthusiasts.

Furthermore, the cryptocurrency's accessibility and relatively low price compared to other major cryptocurrencies may have attracted new investors seeking entry into the digital asset market. Dogecoin's circulating supply currently stands at 146,224,066,383.71, while its maximum supply remains limited, making it a somewhat scarce asset.

Despite its recent success, it is important to note that the cryptocurrency market remains volatile, and there is no guarantee of sustained growth. Investors should exercise caution and conduct due diligence before investing in Dogecoin or any other digital asset.