The latest price of Dogecoin at 18:00 on October 12, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis for October 12, 2024

At 6:00 PM UTC on October 12, 2024, the latest price of Dogecoin (DOGE) stood at $0.11117802178284, marking a 2.50291448% increase over the past 24 hours. The trading volume for DOGE within the same period reached $644,051,976.60106.

Key Metrics:

• Current Price: $0.11117802178284
• 24-Hour Change: +2.50291448%
• 24-Hour Trading Volume: $644,051,976.60106
• Circulating Supply: 146,333,686,383.71 DOGE
• Circulating Market Cap: $16,269,089,772.331
• Total Supply: 146,333,686,383.71 DOGE

Market Dynamics:

DOGE's recent price increase can be attributed to several factors, including increased investor interest and broader market bullishness towards cryptocurrencies. The cryptocurrency has been gaining traction in recent months as a viable alternative to Bitcoin and Ethereum, particularly within the meme coin community.

The strong trading volume over the past 24 hours suggests that demand for DOGE remains high, indicating a continuation of the current uptrend. However, it is important to note that cryptocurrencies are highly volatile, and prices can change rapidly.

Long-Term Outlook:

The long-term outlook for DOGE is uncertain and will largely depend on market sentiment and the overall performance of the crypto market. While the current rally has been impressive, investors should exercise caution and do thorough research before making any investment decisions.