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

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update: October 17, 2024

As of 10:00 PM UTC on October 17, 2024, Dogecoin (DOGE) was trading at $0.1217150768884, with a 24-hour trading volume of $15,028,029,37.0609. The cryptocurrency experienced a 4.29458074% decline in its value over the past 24 hours.

Key Metrics

• Current Price: $0.1217150768884
• 24-Hour Trading Volume: $15,028,029,37.0609
• Price Change (24 Hours): -4.29458074%
• Bitcoin Dominance: 146,404,806,383.71
• Dogecoin Circulating Supply: 146,404,806,383.71
• Maximum Supply: N/A
• Total Supply: 146,404,806,383.71
• Market Cap: $17,819,672,265.824

Market Sentiment and Outlook

Despite the recent price decline, Dogecoin remains a popular cryptocurrency among retail investors and has a strong community following. Its association with Elon Musk, the CEO of Tesla and SpaceX, has contributed to its prominence and potential for future growth.

Analysts predict that Dogecoin could experience further volatility in the coming months, especially with the upcoming launch of Ethereum 2.0 and the potential impact it may have on the altcoin market. However, the long-term outlook for DOGE remains positive, with many believing it has the potential to increase in value as the cryptocurrency adoption rate continues to grow.

Disclaimer:

This analysis should not be considered investment advice. Please conduct thorough research and consult with a financial advisor before making any investment decisions. Cryptocurrency prices can fluctuate significantly, and past performance is not an indicator of future results.