The latest price of Dogecoin at 01:00 on November 10, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Surge: Value Climbs by over 6%

As of November 10, 2024, at 01:00 AM, Dogecoin (DOGE) has experienced a noticeable increase in price, reaching $0.2035885819899. This represents a significant surge of 6.17935956% within the past 24 hours.

The 24-hour trading volume for Dogecoin stands at $4061002740.2957, indicating a high level of activity in the cryptocurrency market.

Supply and Market Capitalization

Currently, there are 146721806383.71 DOGE units in circulation, with a maximum supply and a total supply capped at the same figure. This limited supply contributes to the value and potential scarcity of Dogecoin.

The market capitalization for Dogecoin at press time is $29870884508.655, making it one of the top cryptocurrencies by market value.

Factors Contributing to the Price Increase

Several factors have contributed to the recent surge in Dogecoin's price, including:

• Positive News and Developments: News of integrations and partnerships with prominent platforms has bolstered confidence in Dogecoin's long-term prospects.
• Market Momentum: The broader cryptocurrency market has been experiencing positive sentiment lately, which has buoyed the prices of most digital assets, including Dogecoin.
• Community Support: Dogecoin enjoys a strong and loyal community that actively promotes the cryptocurrency on social media and other platforms.

Outlook and Future Predictions

The future price trajectory of Dogecoin remains uncertain, but the recent upswing suggests a positive outlook. Factors such as continued adoption, community growth, and the broader cryptocurrency market trend will likely influence its future value.