(24-hour Dogecoin price trend)
Dogecoin Surges, Breaking Monthly Record
At 4:00 PM EST on November 14, 2024, Dogecoin's (DOGE) price stood at $0.39920729677336, with a 24-hour trading volume of $22,311,195,881.659. The meme-inspired cryptocurrency saw a substantial 4.88473749% increase in its value over the past 24 hours.
Key Statistics:
- Circulating supply: 146,784,886,383.71
- Maximum supply: None
- Total supply: 146,784,886,383.71
- Market capitalization: $58,597,597,700.424
Market Analysis:
Dogecoin's recent surge has driven its price to its highest monthly closing value ever. Some analysts believe this momentum could continue, potentially leading to an 8,000% increase in its value.
Possible Drivers of the Rally:
- Speculation fueled by Elon Musk's recent tweet about the upcoming cryptocurrency "Pnut"
- Positive news about the potential adoption of cryptocurrency by President Trump's newly created "Department of Governmental Efficiency"
- FOMO (fear of missing out) among investors after missing out on Bitcoin's recent gains