The latest price of Dogecoin at 22:00 on October 23, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Current Market Dynamics

As of October 23, 2024, at 10:00 PM UTC, Dogecoin (DOGE) is trading at $0.140391690992. This represents a 0.16440931% increase in its price over the past 24 hours.

Key Market Metrics

• Current Price: $0.140391690992
• 24-Hour Trading Volume: $1338233530.5146
• Market Capitalization: $20565586612.902
• Circulating Supply: 146487206383.71 DOGE
• Max Supply: N/A
• Total Supply: 146487206383.71 DOGE

Market Trends

Dogecoin's price has witnessed a gradual increase over the past 24 hours, reflecting a positive sentiment in the market. The cryptocurrency's value has been largely influenced by its community support, social media buzz, and speculative trading.

Factors Influencing DOGE Price

• Community Engagement: Dogecoin has a strong and loyal community that actively promotes its use and adoption. This community support has contributed to its popularity and market demand.
• Social Media Sentiment: Dogecoin's presence on social media platforms like Twitter and Reddit creates opportunities for its proponents to discuss its potential and generate hype.
• Speculative Trading: The high volatility of Dogecoin has attracted speculative traders who seek short-term profit opportunities. This trading activity can influence the cryptocurrency's price fluctuations.

Outlook

The future of Dogecoin's price remains uncertain, as it is subject to various market forces and external influences. However, its strong community base, social media presence, and speculative trading activity are likely to continue to play a role in shaping its price trajectory.