The latest price of Dogecoin at 03:00 on December 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Performance and Market Analysis

As of December 17, 2024, 03:00 UTC, Dogecoin (DOGE) price stands at $0.4113983294095. Over the past 24 hours, DOGE has experienced an increase of 2.14793202% in its value.

The 24-hour trading volume for Dogecoin amounts to $4041006949.7716, indicating significant trading activity within the cryptocurrency market.

Supply Dynamics

Dogecoin's circulating supply is 147227566383.71, which comprises all DOGE tokens currently in active circulation. The coin does not have a predefined maximum supply, meaning that new DOGE tokens can be continuously minted.

Dogecoin's total supply, including both circulating and uncirculated tokens, stands at 147227566383.71. This implies that the current circulating supply represents all the DOGE tokens that have been issued and are currently in use.

The difference between circulating supply and total supply accounts for DOGE tokens that may be held by exchanges, wallet providers, or other entities and are not actively traded in the market.

Market Valuation

Based on its current price and circulating supply, Dogecoin's market capitalization is estimated to be $60569174853.283. Market capitalization is a measure of a cryptocurrency's total value and is calculated by multiplying the current price by the circulating supply.

Conclusion

Dogecoin's recent performance in the cryptocurrency market has been positive, with a notable increase in its value over the past 24 hours. The coin's supply dynamics indicate that there is no predefined cap on the total number of DOGE tokens that can be produced. Dogecoin's market capitalization reflects its current standing as a valuable asset within the broader cryptocurrency ecosystem.