The latest price of Dogecoin at 16:00 on December 25, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge On Christmas Eve

On December 25, 2024, at 16:00 UTC, Dogecoin (DOGE) witnessed a significant price rally, hitting $0.33281926755568. This surge was accompanied by a substantial 24-hour trading volume of $3112695053.5984.

Over the past 24 hours, DOGE has experienced an impressive 3.4062734% increase in value. This positive momentum has contributed to a total market capitalization of $49039090692.979.

Key Statistics:

• Current Price: $0.33281926755568
• 24-Hour Trading Volume: $3112695053.5984
• 24-Hour Price Change: +3.4062734%
• Circulating Supply: 147344506383.71
• Maximum Supply: N/A
• Total Supply: 147344506383.71

Market Conditions:

The surge in DOGE's price is likely driven by a combination of factors, including:

• Retail Interest: Dogecoin has a large and active retail community known for its enthusiasm and speculative trading.
• Shiba Inu Mania: The recent surge in popularity of Shiba Inu (SHIB), another meme coin, may have spilled over to DOGE.
• Positive Market Sentiment: The broader cryptocurrency market has been trending higher recently, creating a favorable environment for altcoins like DOGE.

Outlook:

Whether DOGE's rally will continue in the long term remains to be seen. However, the coin's historical volatility highlights the potential for both sharp gains and severe declines. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.