The latest price of Dogecoin at 03:00 on November 07, 2024

(24-hour Dogecoin price trend)

Dogecoin's (DOGE) Recent Surge: Price Analysis and Market Updates

As of November 7, 2024, 03:00 UTC, Dogecoin (DOGE) is trading at a price of $0.19441293289375. The 24-hour trading volume stands at a significant $12,088,680,849.116, indicating substantial market activity.

Dogecoin has experienced a notable surge in value over the past 24 hours, with a price increase of approximately 10.09529861%. This upward trend bodes well for investors who have been holding DOGE in their portfolios.

Circulating Supply and Market Value

According to the latest data, Bitcoin (BTC) has a circulating supply of 14,668,157,6383.71, while Dogecoin has a circulating supply of 146,681,576,383.71. The dominance of BTC in the cryptocurrency market is evident, with a market capitalization that dwarfs that of DOGE.

The total supply of Dogecoin remains unknown, as it has an infinite supply limit. Since new DOGE tokens can be mined endlessly, the maximum supply and total supply are effectively the same as the circulating supply.

The market capitalization of Dogecoin currently stands at $28,516,795,466.235, indicating its significant size within the cryptocurrency ecosystem.

Conclusion

Dogecoin's recent price surge highlights the ongoing volatility and speculative nature of the cryptocurrency market. Investors should exercise caution and conduct thorough research before making any investment decisions.

While the upward trend may continue in the short term, it is essential to remember that past performance is not indicative of future results. It remains to be seen if DOGE can sustain its momentum and reach even higher price levels in the coming months.