The latest price of Dogecoin at 11:00 on July 20, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Soars 5.17% as Crypto Market Recovers

July 20, 2024, 11:00 AM: Dogecoin (DOGE) is currently trading at $0.12491033217729 with a 24-hour trading volume of $737,423,983.89677. The price of DOGE has increased by 5.17844533% in the past day.

The cryptocurrency market has seen a significant rebound in recent weeks, with many major coins posting substantial gains. Bitcoin (BTC), the largest cryptocurrency by market capitalization, has surged over 20% in the past month. Ethereum (ETH), the second-largest coin, has also gained more than 15%.

Dogecoin, a meme coin that was originally created as a joke, has been one of the biggest beneficiaries of the recent market recovery. The coin has surged more than 50% in the past week alone.

The main factor driving the surge in the price of DOGE is likely due to the increased interest in the cryptocurrency from retail investors. The coin has become increasingly popular on social media platforms such as Reddit and Twitter, and this has helped to boost demand.

Additionally, the recent announcement that Elon Musk, CEO of Tesla and SpaceX, is interested in acquiring Twitter may have also contributed to the rise in the price of DOGE. Musk has been a vocal supporter of Dogecoin in the past, and his involvement in Twitter could help to increase the coin's popularity even further.

As the crypto market continues to recover, it is likely that DOGE will continue to perform well. The coin has a strong community following and it is benefiting from the increased interest in the broader cryptocurrency market.

Key Metrics

• Circulating Supply: 145,187,326,383.71
• Maximum Supply: None
• Total Supply: 145,187,326,383.71
• Market Capitalization: $18,135,397,166.521