The latest price of Dogecoin at 14:00 on July 29, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surges, Hitting $0.134

As of July 29, 2024, 2:00 PM, Dogecoin (DOGE) is trading at $0.13406906354568, marking a 3.71179828% increase in price over the past 24 hours. This surge brings its 24-hour trading volume to an impressive $811,596,753.11708.

Despite its recent gains, DOGE has failed to recover its all-time high of $0.73763351131349 reached on May 8, 2021. However, it has shown consistent growth since its launch in 2013.

Key Statistics:

• Circulation Supply: 145,310,276,383.71
• Maximum Supply: N/A
• Total Supply: 145,310,276,383.71
• Market Cap: $19.48 billion

Drivers of Growth:

The recent price rally for Dogecoin can be attributed to various factors, including:

• Increased adoption: DOGE has gained popularity as a payment option among major companies, such as Tesla and Flexa.
• Speculation: DOGE's volatile nature and celebrity endorsements, particularly from Elon Musk, have attracted speculative traders.
• Social media buzz: DOGE has a strong online presence, with a large and enthusiastic community on platforms like Reddit and Twitter.

Outlook:

While DOGE's short-term price trajectory remains uncertain, it has shown a remarkable ability to recover from declines and maintain its position as a popular and actively traded cryptocurrency. Analysts predict that its adoption and market cap will continue to grow, potentially driving its value higher in the long term.