The latest price of Dogecoin at 18:00 on September 10, 2024

Dogecoin (DOGE) Price Analysis and Market Overview

As of 6:00 PM on September 10, 2024, the live Dogecoin (DOGE) price stands at $0.10400498763109. This represents a modest increase of 5.39324785% over the past 24-hour trading period.

Trading Activity

The daily trading volume for Dogecoin currently stands at $662,613,733.52481. This indicates a high level of trading activity, with a significant volume of DOGE being exchanged.

Bitcoin Correlation

Like many other altcoins, Dogecoin's price is often correlated to the price of Bitcoin (BTC). However, at the time of writing, the wider cryptocurrency market is experiencing volatility, with both Bitcoin and Ethereum (ETH) showing mixed movements.

Supply and Market Cap

The current circulating supply of Dogecoin stands at 145,896,866,383.71. Dogecoin has no maximum supply, meaning that its total supply can increase indefinitely through ongoing mining.

The total supply of Dogecoin remains unchanged at 145,896,866,383.71. This means that the inflation rate for DOGE depends solely on the issuance rate of new coins through mining.

As a result of the increase in price and the circulating supply remaining constant, the market capitalization of Dogecoin has climbed to $15,174,001,783.652. This underscores the growing value of DOGE in the cryptocurrency market.