(24-hour Dogecoin price trend)
Dogecoin (DOGE) Soars 7.47% in 24 Hours
As of November 10, 2024, at 4:00 PM, Dogecoin (DOGE) is trading at $0.2277730624359 with a 24-hour trading volume of $5,800,291,408.3431. DOGE has experienced a surge in its price by 7.47075602% over the past 24 hours.
Key Metrics
- Current price: $0.2277730624359
- 24-hour trading volume: $5,800,291,408.3431
- Price change (24 hours): +7.47075602%
- Bitcoin dominance: 38.47%
- Circulating supply: 146,730,296,383.71
- Maximum supply: N/A
- Total supply: 146,730,296,383.71
- Market capitalization: $33,421,208,959.444
Analysis
The recent surge in DOGE's price can be attributed to several factors, including:
- Increased investor sentiment: Positive news and developments surrounding Dogecoin have boosted investor confidence in its long-term prospects.
- Social media influence: Elon Musk, a prominent supporter of DOGE, continues to publicly endorse the cryptocurrency, which has helped to attract new investors.
- Technical factors: DOGE's price has broken through several resistance levels in recent days, indicating bullish momentum.
While DOGE's price has experienced a significant increase, it is important to note that the cryptocurrency market remains volatile. Investors should exercise caution and do their own research before making investment decisions.