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

(24-hour Dogecoin price trend)

Dogecoin (DOGE) on an Upward Trajectory

As of September 12, 2024, at 6 PM UTC, Dogecoin (DOGE) is trading at $0.1020196022002, with a 24-hour trading volume of $502,653,841.18652. In the past 24 hours, DOGE has experienced a price increase of 2.08683084%.

Key Metrics:

• Circulating Supply: 145,924,146,383.71
• Max Supply: Not specified
• Total Supply: 145,924,146,383.71
• Circulating Market Cap: $14,887,123,365.469

Recent Price Action:

DOGE has been on an upward trend in recent weeks, with its price hovering around the $0.10 mark. The coin's 24-hour price movement suggests that it is gaining momentum and could potentially continue its upward trajectory.

Factors Influencing DOGE's Price:

Several factors may be contributing to the recent increase in DOGE's price, including:

• Speculative Buying: DOGE is popular with retail traders and often experiences price spikes due to speculative buying.
• Social Media Hype: Dogecoin has a strong online presence and is regularly discussed on social media, which can drive demand for the coin.
• Elon Musk's Influence: Tesla CEO Elon Musk has been a vocal supporter of DOGE, and his tweets can significantly impact its price.

Outlook:

Predicting the future price of cryptocurrencies is challenging. However, given its recent price action and the ongoing factors influencing its value, Dogecoin could potentially continue its upward momentum. Investors should exercise caution and conduct thorough research before investing in any cryptocurrency.