(24-hour Dogecoin price trend)
Dogecoin Surge Propels Price to $0.422
As of November 30, 2024, 1:00 PM UTC, Dogecoin (DOGE) has witnessed a significant price increase. The cryptocurrency is currently trading at $0.4223145549462, representing an impressive 4.0378787% surge over the past 24 hours.
This positive price movement is accompanied by a substantial 24-hour trading volume of $7189922358.2024, indicating increased interest and liquidity in the market.
Key Metrics:
- Circulating supply: 147001506383.71 DOGE
- Maximum supply: N/A
- Total supply: 147001506383.71 DOGE
- Market capitalization: $62080875744.856
Dogecoin's rise can be attributed to several factors, including the recent surge in popularity of memecoins, a category of cryptocurrencies that often feature dog-related branding. Additionally, Dogecoin has benefited from support from high-profile individuals such as Elon Musk, who has frequently tweeted about the cryptocurrency.
The long-term prospects of Dogecoin remain uncertain, as the cryptocurrency's value is largely driven by speculation and market sentiment. However, its recent price surge demonstrates the potential volatility and unpredictability of the cryptocurrency market.