The latest price of Dogecoin at 16:00 on November 28, 2024

(24-hour Dogecoin price trend)

Dogecoin Surges: A Deeper Dive into the $54.7 Billion Milestone

On November 28, 2024, at 4:00 PM UTC, Dogecoin (DOGE) stood at $0.40312222940637, with a 24-hour trading volume of $7,281,830,312.5294. The price of DOGE had climbed by 1.79839508% in the past 24 hours.

Key Metrics:

• Circulating Supply: 146,976,126,383.71
• Maximum Supply: Not applicable
• Total Supply: 146,976,126,383.71
• Market Cap: $59,249,343,737.312

Relevance in the Market:

DOGE's recent surge has pushed its market cap well beyond iconic brands like Porsche. As of November 28, 2024, Porsche's total market capitalization stands at approximately $46.8 billion, significantly lower than DOGE's $54.7 billion milestone.

Impact on Bitcoin (BTC) Market:

Analysts believe that DOGE's movement has spurred reactions in the Bitcoin (BTC) market. If BTC prices rise towards $97,300, approximately $606 million worth of short positions could be liquidated. Conversely, if prices dip below $92,600, roughly $1.58 billion worth of long positions might face liquidation.

Outlook for DOGE:

The bullish momentum behind DOGE suggests that it could continue to gain traction. However, investors should exercise caution as the cryptocurrency market is inherently volatile. Monitoring market trends, news updates, and expert analysis is crucial for informed decision-making.