The latest price of Dogecoin at 18:00 on September 30, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Sees Weekly Decline Amid Market Slump

As of September 30, 2024, at 6:00 PM UTC, the price of Dogecoin (DOGE) stands at $0.12080433600203, reflecting a 24-hour trading volume of $868,230,759.53203. Over the past 24 hours, DOGE has experienced a significant drop of -4.65801698%.

Supply and Circulation Data:

• Dogecoin's circulating supply is approximately 146,169,916,383.71.
• The maximum supply for DOGE is not specified.
• The total supply is also 146,169,916,383.71.

Market Cap and Rank:

The circulating market cap of Dogecoin is currently estimated at $17,657,959,692.206, making it the 8th largest cryptocurrency by market capitalization.

Recent Market Performance:

Over the past week, Dogecoin has faced a challenging market environment, with its price declining by -11.27654473%. The broader cryptocurrency market has also experienced a downturn, with Bitcoin (BTC) and other major coins posting losses due to factors such as economic uncertainty, regulatory concerns, and increased selling pressure.

Outlook and Analysis:

While DOGE's recent price performance has been negative, it remains a popular and widely traded cryptocurrency. Its adoption by major companies, such as Tesla and AMC, has contributed to its growing recognition and potential as an alternative payment method.

Analysts believe that the future of Dogecoin may be tied to its acceptance as a mainstream currency for online transactions and its utility beyond speculation. However, the cryptocurrency market remains highly volatile, and it is crucial for investors to exercise caution and conduct thorough research before making any investment decisions.