The latest price of Dogecoin at 22:00 on September 27, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update

As of September 27, 2024, 10:00 PM UTC, the latest price of Dogecoin (DOGE) is $0.12674952734148. The 24-hour trading volume for DOGE is $1,533,404,997.0013. The coin has experienced a significant price increase of 10.26440004% in the last 24 hours.

Key Metrics:

• Circulating Supply: 146,131,346,383.71 DOGE
• Maximum Supply: Currently not specified
• Total Supply: 146,131,346,383.71 DOGE
• Market Cap: $18,522,079,083.909

Recent Performance:

Dogecoin has shown remarkable upward momentum in the past 24 hours. The coin's price has surged by over 10%, indicating a strong buying sentiment among investors. The high trading volume suggests increased market interest in DOGE, indicating potential further gains in the short term.

Factors Influencing the Market:

Several factors may have contributed to the recent increase in DOGE's price:

• Elon Musk's Endorsement: Elon Musk, CEO of Tesla and SpaceX, has repeatedly expressed support for Dogecoin, which has boosted its popularity and value.
• Shiba Inu Hype: The rise of Shiba Inu (SHIB) coin has brought attention to other dog-themed cryptocurrencies, including DOGE.
• Market Recovery: The broader cryptocurrency market has witnessed a recent recovery, which has benefited many coins, including DOGE.

Conclusion:

Dogecoin (DOGE) has experienced a substantial price gain in the past 24 hours. Its strong market performance is likely influenced by various factors, including Elon Musk's endorsement, increased market interest, and the general recovery of the cryptocurrency market. While future price movements are uncertain, DOGE's momentum suggests potential for further gains in the near term.