(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Surges, Reaching New Highs
As of October 7, 2024, at 09:00 AM, Dogecoin (DOGE) stands at a price of $0.11350395428572. This represents a 3.97502165% increase in the past 24 hours, based on a trading volume of $467,274,740.45486.
Key Metrics
- Current Price: $0.11350395428572
- 24-Hour Trading Volume: $467,274,740.45486
- 24-Hour Price Change: +3.97502165%
- Circulating Supply: 146,260,396,383.71 DOGE
- Maximum Supply: N/A
- Total Supply: 146,260,396,383.71 DOGE
- Market Cap: $16,601,133,344.947
Market Performance
Dogecoin has witnessed a significant surge in price over the past 24 hours, largely driven by increased investor sentiment and the broader market recovery. The cryptocurrency's value has been steadily climbing for several months, gaining over 200% since June 2024.
The upward trend is attributed to a combination of factors, including:
- Growing popularity as a medium of exchange
- Elon Musk's continued endorsement
- Positive news and developments within the Dogecoin community
Outlook
Analysts remain cautiously optimistic about Dogecoin's future. The cryptocurrency has established itself as a popular alternative to Bitcoin and Ethereum, appealing to retail investors and enthusiasts. While price fluctuations are inevitable in the cryptocurrency market, the long-term outlook for DOGE appears promising.
Crypto Intelligence
CaptainAltcoin
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