The latest price of Dogecoin at 20:00 on October 31, 2024

(24-hour Dogecoin price trend)

Dogecoin's Price Surge: A Detailed Analysis

As of October 31, 2024, at 8:00 PM, Dogecoin (DOGE) has registered a notable price value of $0.17125064573141. This comes with a substantial 24-hour trading volume of $1,903,788,133.6139, reflecting a commendable 1.8457414% increase within the last 24 hours.

Examining Dogecoin's market dynamics, the data reveals a circulating supply of 146,595,366,383.71 units, while its maximum supply remains undetermined. The total supply stands at 146,595,366,383.71, contributing to its circulating market capitalization of $25,104,551,154.442.

Dogecoin's upward trend has been fueled by several factors, including its strong community support, its inherent meme value, and the ongoing hype surrounding cryptocurrency markets. The coin's comedic persona and accessibility have resonated with a wide user base, contributing to its popularity.

However, it is important to acknowledge that cryptocurrency markets remain highly volatile, and price fluctuations can occur drastically. Investors should exercise caution when speculating in Dogecoin or any other digital asset, and conduct thorough due diligence before making any financial commitments.