The latest price of Dogecoin at 17:00 on September 20, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: September 20, 2024

As of 5:00 PM UTC on September 20, 2024, Dogecoin (DOGE) stood at a price of $0.10649821563686. Over the preceding 24 hours, a substantial trading volume of $660,148,836.267 had been recorded.

Impressively, DOGE experienced an upward price movement of 2.06749015% within the last 24-hour period. This surge in value follows a recent trend of positive momentum for the digital asset.

Market Supply and Distribution:

The current circulating supply of DOGE stands at 146,032,316,383.71. It is important to note that DOGE does not have a definitive maximum or total supply. As such, it is categorized as having an unlimited supply.

The circulating market value of Dogecoin is pegged at $15,552,181,120.183, highlighting its significant market presence.

Key Observations:

• Dogecoin's price has displayed a positive trajectory over the past 24 hours, with a notable increase of 2.06749015%.
• The 24-hour trading volume of DOGE remains robust, hovering around $660 million.
• Despite not having a predefined supply, Dogecoin continues to command a substantial circulating market value.

Future Outlook:

The future of Dogecoin remains speculative, as with any cryptocurrency. However, analysts continue to monitor its price movements and trading patterns to discern potential trends and make informed predictions.