The latest price of Dogecoin at 23:00 on August 15, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surge: Price and Market Analysis

As of August 15, 2024, 11:00 PM UTC, the latest price of Dogecoin (DOGE) stands at $0.10433194886732. Within the past 24 hours, the total trading volume has reached an impressive $492640152.12862, indicating significant market activity.

Remarkably, Dogecoin's price has witnessed an increase of 1.13307178% over the past day. This surge in value has pushed Dogecoin's market capitalization to approximately $15,184,953,474.458.

In terms of supply, Dogecoin has a circulating supply of 145,544,616,383.71 DOGE. Notably, Dogecoin does not have a maximum supply, and the total supply remains unlimited. However, the current circulating supply represents a considerable portion of the potential supply.

Market Dynamics and Future Outlook

The recent surge in Dogecoin's price can be attributed to several factors. First, the growing popularity of memecoins, including Dogecoin and Shiba Inu, has fueled demand for these assets. Additionally, the broader crypto market has experienced a slight recovery, lifting the tide for other digital currencies.

Going forward, the future outlook for Dogecoin remains uncertain. The lack of a maximum supply could potentially limit its long-term value appreciation. However, if Dogecoin continues to gain traction and adoption, it may have the potential to maintain its relevance and value in the cryptocurrency ecosystem.