(24-hour Dogecoin price trend)

Dogecoin Price Today: November 19, 2024 at 15:00 (UTC)

At the time of writing, Dogecoin (DOGE) is trading at $0.38841659514366, up 4.17498974% in the past 24 hours. The 24-hour trading volume for DOGE is $922,616,5949.7063.

Key Metrics

• Circulating Supply: 146,852,346,383.71
• Max Supply: None
• Total Supply: 146,852,346,383.71
• Market Cap: $57,039,888,371.216

Market Performance

In the past 24 hours, the price of DOGE has exhibited positive momentum, rising by over 4%. This increase suggests that market sentiment towards DOGE remains bullish, with buyers pushing the price higher.

The 24-hour trading volume also reflects the increased activity in the DOGE market. The high volume indicates that there is significant buying and selling activity, creating liquidity and facilitating price discovery.

Factors Influencing DOGE Price

Several factors may contribute to the current price movement of DOGE:

• Economic Conditions: The broader economic climate, including inflation and interest rate movements, can impact investor sentiment and influence the price of cryptocurrencies.
• Regulatory Landscape: Governmental regulations and legal frameworks can affect the adoption and trading of cryptocurrencies, thereby influencing their prices.
• Social Media and Influencer Activity: Social media platforms and influential figures can create hype and attract attention to DOGE, driving its price.
• Supply and Demand: The balance between supply and demand in the DOGE market plays a crucial role in determining its price.

Outlook

The future price of DOGE remains uncertain, but it will likely be influenced by a combination of the aforementioned factors. Continued positive market sentiment, favorable regulatory environments, and increased adoption could support further price increases. However, unforeseen events or changes in market conditions could also lead to volatility and potential price fluctuations.