The latest price of Dogecoin at 22:00 on August 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges by Over 2%

As of August 17, 2024, 10:00 PM (UTC), the price of Dogecoin (DOGE) stands at $0.10177145329543. This represents a 2.149674% increase over the past 24 hours.

The 24-hour trading volume for DOGE currently sits at $411,694,636.13214. The circulating supply of DOGE is 145,571,176,383.71, while the maximum supply and total supply remain unknown.

The market capitalization of Dogecoin currently stands at $14,814,990,178.496. This places DOGE as the 10th largest cryptocurrency by market capitalization.

Factors Contributing to DOGE's Price Increase

The recent price increase for Dogecoin can be attributed to several factors, including:

• Strong community support: Dogecoin has a large and active community, which has helped drive its popularity and value.
• Elon Musk's endorsement: Tesla CEO Elon Musk has repeatedly tweeted and spoken positively about Dogecoin, which has contributed to its growth.
• Increased use as a payment method: Dogecoin is gaining traction as a payment method for online goods and services.
• Low transaction fees: DOGE transactions have extremely low fees, making it a cost-effective alternative to other cryptocurrencies.

Future Outlook for Dogecoin

The future of Dogecoin is difficult to predict. However, its strong community support, potential use cases, and endorsements from influential figures suggest that it could continue to grow in value in the coming months and years.