(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Update
As of October 5, 2024, 7:00 PM UTC, the price of Dogecoin (DOGE) stands at $0.10939111308592. This represents a 1.73185466% increase over the last 24 hours.
Trading Volume and Market Capitalization
The trading volume for DOGE over the past 24 hours amounts to $587,224,982.52758. Its market capitalization is currently at $15,997,233,464.048.
Supply Information
The circulating supply of DOGE is 146,238,876,383.71, while its maximum supply remains undetermined. The total supply of DOGE is 146,238,876,383.71.
Price Performance
Dogecoin's recent price surge appears to be a continuation of an upward trend that began earlier in the month. The cryptocurrency has been steadily gaining value over the last few weeks and is now trading at its highest level since July 2023.
Factors Influencing DOGE Price
Several factors may have contributed to the recent increase in DOGE's price, including:
- Increased retail investor interest: Retail investors have been showing renewed enthusiasm for cryptocurrencies, driving up the overall market.
- Elon Musk's support: Tesla CEO Elon Musk has been a vocal supporter of DOGE, contributing to its popularity.
- Positive sentiment: The overall sentiment towards the cryptocurrency market has improved in recent months, buoying DOGE's price.
Outlook
It is difficult to predict the future price movements of Dogecoin. However, the recent surge suggests that the cryptocurrency is gaining traction among investors. If positive sentiment continues to prevail, DOGE could potentially maintain its upward trajectory.
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