The latest price of Dogecoin at 21:00 on October 1, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Remains Steady Amidst Market Downturn

As of October 1, 2024, at 9 PM UTC, the price of Dogecoin (DOGE) stood at $0.11769768933386. This represented a 24-hour trading volume of $825,054,417.52482. Over the past 24 hours, DOGE has experienced a slight decline of 2.30192955%.

At the time of writing, the circulating supply of DOGE was 146,185,356,383.71, with a total supply and maximum supply remaining undisclosed. The circulating market cap for DOGE was $17,205,678,660.809.

Market Analysis

The recent price movement of DOGE reflects the broader trend seen in the cryptocurrency market. Bitcoin, the world's largest cryptocurrency, has also been experiencing a decline in value in recent days. The overall market sentiment appears to be bearish, with many investors adopting a wait-and-see approach.

The decline in DOGE's price may also be attributed to its lack of significant news or developments. The project has been relatively quiet in recent months, which could have contributed to its current market position.

Outlook

The future of DOGE remains uncertain, as it depends on a multitude of factors including market conditions, competition, and the overall adoption of digital assets. However, the coin has a strong community base and a proven track record of resilience.

It is essential to note that investing in cryptocurrencies carries significant risk and should only be done with money you can afford to lose. Always conduct thorough research and consult with financial advisors before making any investment decisions.