The latest price of Dogecoin at 16:00 on November 18, 2024

(24-hour Dogecoin price trend)

Dogecoin Eyes $0.50 Again: Fresh Rally Incoming?

Dogecoin (DOGE) is on a renewed bullish trajectory, with its value climbing steadily in the wake of the US presidential election. At the time of writing (November 18, 2024, 4:00 PM EST), DOGE's price stands at $0.37520174385745, reflecting a 24-hour trading volume of $7,323,515,859.0113. The cryptocurrency has witnessed a notable 4.56621468% increase in its value over the past day.

With a circulating supply of 146,839,326,383.71, Dogecoin's maximum supply and total supply remain unchanged. Its circulating market capitalization currently stands at $55,094,371,326.019.

Key Points to Note:

• President-elect Donald Trump's proposed policies, which aim to "eliminate unnecessary regulation, reduce wasteful spending, and streamline federal agencies," have been cited as potential catalysts for DOGE's recent upward momentum.
• Despite a brief period of consolidation following the election, DOGE has resumed its bullish trend, with experts expressing optimism for further gains in the coming days.
• Technical analysis suggests the formation of a breakout pattern and a continuation of the bullish trend, which will likely drive prices higher.