(24-hour Dogecoin price trend)
Dogecoin Surges 7%, Price Hits $0.1324 on October 18, 2024
As of 13:00 UTC on October 18, 2024, Dogecoin (DOGE) is trading at $0.13244384872425, marking a notable 7.15581308% increase over the past 24 hours. This surge in price has reignited interest in the popular meme coin.
The 24-hour trading volume for DOGE currently stands at $1894852621.3281, indicating a surge in trading activity. The increase in price and volume suggests that market sentiment towards DOGE is positive, potentially driven by the coin's strong community support and ongoing developments within the Dogecoin ecosystem.
Despite the recent price increase, DOGE's market capitalization remains at $19391556370.725. This indicates that the supply of DOGE in circulation is vast, with a total supply of 146413416383.71 and a maximum supply undetermined.
The latest price surge follows a period of consolidation for DOGE. The meme coin had experienced a sharp decline in value in recent months but has now shown signs of recovery. The positive developments within the Dogecoin community, such as the launch of the DOGE-1 satellite mission, may have contributed to this resurgence in interest.
Overall, the recent price surge for Dogecoin has generated excitement within the cryptocurrency community. The meme coin's strong community following and ongoing developments suggest that DOGE's journey is far from over. It remains to be seen whether this latest rally will sustain in the long term.