The latest price of Dogecoin at 21:00 on December 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: December 17, 2024

At 9:00 PM UTC on December 17, 2024, the live price of Dogecoin (DOGE) is $0.40621202244063. Over the past 24 hours, the trading volume of DOGE has been $3,682,366,196.8955. Remarkably, the price of Dogecoin has increased by 2.93249227% in the last day.

Key Metrics:

• Circulating Supply: 147,237,896,383.71
• Maximum Supply: Not available
• Total Supply: 147,237,896,383.71
• Market Capitalization: $59,809,803,669.928

Overview:

Dogecoin, known for its Shiba Inu mascot, is a peer-to-peer digital currency created as a joke in 2013. Despite its humble beginnings, DOGE has gained significant popularity in recent years, particularly due to its association with Elon Musk, the CEO of Tesla.

Market Analysis:

The recent price increase of Dogecoin is likely attributed to a combination of factors. First, the overall cryptocurrency market has been showing signs of recovery after a prolonged bear market. Second, Dogecoin has benefited from renewed interest as investors seek alternative investments with potential for growth.

Future Outlook:

Predicting the future price of any cryptocurrency is inherently uncertain. However, the growing popularity of Dogecoin and its close association with high-profile individuals suggest that it has the potential for further growth in the coming months and years. Investors should always conduct thorough research before investing in any cryptocurrency and carefully consider the risks involved.