(24-hour Dogecoin price trend)
Dogecoin (DOGE) Rockets Higher, Surges by Over 8%
As of September 27, 2024, 12:00 PM EST, Dogecoin (DOGE) stands at $0.11861712648253, with a noteworthy 24-hour trading volume of $1414491098.4993. Over the past day, DOGE's price has witnessed a substantial increase of 8.88544584%.
The total supply of DOGE stands at 146125346383.71, while the circulating supply accounts for a significant portion of that at 146125346383.71. The total market capitalization of DOGE clocks in at an impressive $17332968694.299.
Factors Driving DOGE's Surge
The recent surge in DOGE's price can be attributed to several factors:
- Elon Musk's Support: Elon Musk, CEO of Tesla and SpaceX, has been a staunch supporter of DOGE, frequently tweeting about its potential as a currency and payment option.
- Community Momentum: DOGE's loyal community has been actively promoting the cryptocurrency across various social media platforms, creating a positive buzz around it.
- Increased Adoption: DOGE is gaining traction as a payment option at online retailers and service providers, further enhancing its utility and demand.
Outlook
The future outlook for DOGE remains somewhat uncertain. While the recent surge suggests a growing interest in the cryptocurrency, it is important to note that the market is highly volatile and can experience rapid fluctuations.
Investors should proceed with caution when investing in DOGE or any other cryptocurrency, and conduct thorough research before making any financial decisions.
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