The latest price of Dogecoin at 17:00 on September 18, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge: Surge in Value Boosted by Recent News

As of September 18, 2024, 5:00 PM UTC, Dogecoin (DOGE) has witnessed a notable price increase. The latest price stands at $0.10120605253203, with a 24-hour trading volume amounting to $501,022,181.51394. Over the past 24 hours, DOGE's value has experienced a significant increase of 0.47522526%.

Key Metrics:

• Circulating Supply: 146,004,986,383.71
• Maximum Supply: N/A
• Total Supply: 146,004,986,383.71
• Circulating Market Cap: $14,776,588,321.887

Recent News and Developments:

This price surge comes amidst a series of positive developments surrounding Dogecoin. Notably, major companies such as Tesla and SpaceX have embraced Dogecoin as a payment method, creating a wider acceptance and demand for the cryptocurrency.

Additionally, the Dogecoin community has proactively engaged in various charity initiatives, further boosting its reputation and social media presence. Elon Musk's tweets and endorsements have also significantly influenced the coin's value, contributing to its recent upward trajectory.

Comparison to Bitcoin:

While Dogecoin has experienced a surge in value, it remains significantly smaller than Bitcoin in terms of market capitalization. Bitcoin boasts a significantly larger流通市值of over $400 billion, reinforcing its position as the dominant cryptocurrency.

Outlook:

Given the recent market trends and positive developments surrounding Dogecoin, analysts anticipate further value appreciation in the coming weeks and months. The expanding adoption and crecientebase of support bode well for DOGE's long-term prospects. However, it is crucial to note that cryptocurrency markets remain highly volatile, and investors should exercise caution before making any investment decisions.