The latest price of Dogecoin at 21:00 on October 18, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Soars by 9.68%

As of October 18, 2024, at 21:00 UTC, Dogecoin (DOGE) is valued at $0.13352606568922, experiencing a significant 9.68315845% surge in price over the past 24 hours. This increase has been accompanied by a notable trading volume of $2139130107.3793 during the same period.

Supply and Market Cap

The current circulating supply of Dogecoin stands at 146417746383.71, while its maximum supply remains undetermined. The total supply is also reported as 146417746383.71. With this circulating supply, Dogecoin's total market capitalization amounts to $19550585621.699.

Dogecoin's Performance

The recent price surge of Dogecoin reflects a bullish trend in the cryptocurrency market. Dogecoin has consistently performed well in recent weeks, gaining popularity among investors and users alike.

Factors Contributing to the Price Rise

Factors that may have contributed to Dogecoin's upward momentum include:

• Elon Musk's Support: Elon Musk, the CEO of Tesla and SpaceX, has been a vocal supporter of Dogecoin, frequently tweeting about the cryptocurrency and boosting its visibility.
• Increased Adoption: Dogecoin is gaining acceptance as a payment method by various businesses and organizations, including Whole Foods and GameStop.
• Community Support: Dogecoin has a strong and loyal community of supporters who are actively involved in promoting its use and development.
• Market Sentiment: The overall positive sentiment in the cryptocurrency market has spilled over to Dogecoin, driving its price higher.