(24-hour Dogecoin price trend)
Dogecoin's Steady Rise to $0.169
As of October 30, 2024, at 9:00 PM UTC, Dogecoin (DOGE) stands at $0.16980535135517, marking a 1.91449191% increase over the past 24 hours. This surge in value has been accompanied by a robust 24-hour trading volume of $3,409,952,491.7115.
Supply and Circulation
Dogecoin has a vast circulating supply of 146,582,576,383.71 DOGE. Unlike Bitcoin, Dogecoin does not have a predetermined maximum supply, meaning that new coins can be generated indefinitely. This unlimited supply is reflected in Dogecoin's total supply of 146,582,576,383.71 DOGE.
Market Capitalization and Flow
The current circulating supply of Dogecoin gives it a market capitalization of $24,890,505,885.381. This substantial valuation places Dogecoin among the top cryptocurrencies by market cap.
Conclusion
Dogecoin's price increase over the past 24 hours is a testament to its growing popularity and the wider adoption of cryptocurrency. As a decentralized, peer-to-peer digital currency, Dogecoin has gained traction due to its fast transaction times, low fees, and strong community support. Investors should monitor the cryptocurrency market closely to keep track of future price fluctuations and potential growth opportunities.