The latest price of Dogecoin at 13:00 on December 27, 2024

(24-hour Dogecoin price trend)

Dogecoin: From Meme Coin to Market Darling

As of December 27th, 2024 at 1:00 PM, Dogecoin (DOGE) is trading at $0.31218854736373 with a 24-hour trading volume of $2,354,298,362.1511. DOGE has experienced a 3.94265004% decrease in value over the past 24 hours.

Circulation and Supply

The current circulating supply of DOGE is 147,370,066,383.71, while its maximum supply is unknown and its total supply stands at 147,370,066,383.71. This translates to a circulating market capitalization of $46,007,246,949.226.

Background

Since its inception in 2013 as a "meme coin," Dogecoin has witnessed remarkable growth, capturing the attention of the cryptocurrency community with each successive rally. Its popularity stems from its unique identity as a decentralized digital currency featuring the Shiba Inu dog as its mascot.

Key Growth Phases

Throughout its history, DOGE has experienced several major growth phases:

• 2021 Bull Run: Dogecoin surged alongside the broader cryptocurrency market during the 2021 bull run, reaching an all-time high of $0.7376 on May 8th.
• Elon Musk Influence: Tesla CEO Elon Musk has been a vocal advocate for Dogecoin, frequently tweeting about the coin and influencing its price movements.
• Community Support: DOGE has a loyal and active community that has played a significant role in its growth and adoption.

Future Prospects

Despite its recent price fluctuations, DOGE remains a popular and widely accepted cryptocurrency. Its unique character and strong community support suggest that it could continue to experience growth and adoption in the future. However, it is important to note that all cryptocurrency investments carry inherent risks and should be carefully considered before investing.