The latest price of Dogecoin at 08:00 on August 20, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Recent Price Surge and Market Dynamics

As of today, August 20, 2024, at 08:00 UTC, the price of Dogecoin (DOGE) stands at $0.10150236557605. The past 24 hours have witnessed a significant increase in trading volume, reaching $463,334,936.34579.

Over the last day, Dogecoin's price has surged by 1.33063842%, indicating a positive trend. This upward movement has contributed to the current market capitalization of $147,791,693,555.722.

It is worth noting that Dogecoin has a limited supply, with a current circulating supply of 145,604,186,383.71 and a total supply of 145,604,186,383.71. This limited availability contributes to the demand for Dogecoin and potentially influences its price movements.

Dogecoin's recent price surge can be attributed to various factors, including Elon Musk's continuous support. Musk's positive tweets and endorsement have drawn attention to Dogecoin and contributed to its popularity among investors. Additionally, the cryptocurrency's widespread acceptance by merchants and businesses has also played a role in its price growth.

Investors should exercise caution and conduct thorough research before making any investment decisions. Cryptocurrency markets can be volatile and are subject to rapid fluctuations. It is crucial to understand the risks involved and invest only what you can afford to lose.