(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of October 08, 2024, 10:22 PM, the current price of Dogecoin (DOGE) is $0.10700613310707. Over the past 24 hours, DOGE has recorded a trading volume of $761.06 million, a decrease of approximately 6.35%.
Key Metrics:
- Circulating Supply: 146,281,686,383.71
- Maximum Supply: Unlimited
- Total Supply: 146,281,686,383.71
- Market Cap: $15.65 billion
Price Performance:
In the last 24 hours, DOGE has experienced a decline in value, losing around 6.35%. This downturn follows a period of relative stability for the cryptocurrency. It is important to note that the cryptocurrency market is highly volatile and subject to sudden price swings.
Supply and Distribution:
Dogecoin has an unlimited maximum supply, meaning that new coins can be generated indefinitely. This contrasts with other cryptocurrencies like Bitcoin, which have a limited supply. The circulating supply of DOGE currently stands at approximately 146 billion coins.
Market Dominance:
Despite its recent price drop, Dogecoin remains a significant player in the cryptocurrency market. It ranks among the top 10 cryptocurrencies by market capitalization and continues to enjoy strong support from its community of loyal investors.
Disclaimer:
Cryptocurrency investments are inherently risky and should be approached with caution. It is crucial to conduct thorough research and consult with financial professionals before making any investment decisions. Past performance is not indicative of future results.
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