The latest price of Dogecoin at 06:00 on October 12, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Surge: DOGE Gains 5% in 24 Hours

October 12, 2024, 06:00 AM EST: Dogecoin (DOGE), the popular cryptocurrency inspired by the viral internet meme, has experienced a notable surge in price in the last 24 hours. According to latest market data, DOGE is currently trading at $0.11119457494281, up by 5.21892647%.

This surge in DOGE's value has significantly boosted its market capitalization. The current circulating supply of DOGE is 146326996383.71, with a maximum and total supply of the same value. As a result, the circulating market cap of DOGE now stands at $16270768165.545.

Over the past 24 hours, the 24-hour trading volume for DOGE has amounted to $645547007.27614. This indicates a substantial level of activity and interest in the Dogecoin market.

Analysts attribute the recent surge in DOGE's price to a combination of factors, including increased investor confidence, growing adoption by merchants, and positive market sentiment. Dogecoin has gained popularity over the years due to its loyal community, low transaction fees, and the support of notable figures like Elon Musk.

Whether this price surge continues or not remains to be seen. However, the strong performance of DOGE in recent days has certainly piqued the interest of investors and traders alike.