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

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Analysis

As of September 17, 2024, 5:00 PM UTC, the price of Dogecoin (DOGE) stands at $0.10072737061877, with a 24-hour trading volume of $434,310,892.46759. The price has experienced a slight decline of 1.67304342% over the past 24 hours.

Key Metrics:

• Total Circulation: 145,991,366,383.71
• Maximum Supply: N/A
• Total Supply: 145,991,366,383.71
• Market Capitalization: $14,705,326,468.872

Market Performance:

The price of Dogecoin has fluctuated significantly throughout its history. It experienced a rapid surge in early 2021, reaching a peak of $0.737 on May 8, 2021. However, the price has since stabilized and has traded within a relatively narrow range.

Dogecoin's price is influenced by various factors, including adoption rates, community sentiment, market news and events, and macroeconomic conditions. The coin has gained popularity among retail investors and is often used for tipping on social media platforms and online transactions.

Outlook:

The future of Dogecoin remains uncertain. While it has a loyal fanbase, the lack of fundamental value and a finite supply may limit its long-term growth potential. However, the increasing adoption of cryptocurrencies and the potential for Dogecoin to be integrated into new platforms and services could provide support for the price.

Investors should exercise caution and conduct thorough research before investing in Dogecoin or any other cryptocurrency. The market for digital assets is volatile, and there is always the risk of significant losses.