The latest price of Dogecoin at 16:00 on November 2, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Surge Continues

As of November 2, 2024, at 4 PM, Dogecoin (DOGE) was trading at $0.16078821872701. This represents a 24-hour trading volume of $2,115,105,287.431 and a price increase of 1.9025778% over the last day.

Key Metrics:

• Circulating supply: 146,620,746,383.71 DOGE
• Maximum supply: N/A
• Total supply: 146,620,746,383.71 DOGE
• Market capitalization: $23,574,888,639.46

Performance:

Dogecoin's recent price surge is a continuation of its upward trend. Over the past week, the cryptocurrency has gained over 10%, driven by increased market demand and positive sentiment from the community.

Drivers of Price Increase:

Several factors have contributed to the recent rise in Dogecoin's price:

• Elon Musk's influence: As a prominent advocate of Dogecoin, Elon Musk's tweets and endorsements have played a significant role in driving interest and demand for the cryptocurrency.
• Community adoption: Dogecoin has a large and active community of supporters who are actively promoting its use as a payment method and a store of value.
• Technical improvements: Dogecoin developers continue to make improvements to the network, including increasing transaction speed and security, which makes it more attractive to potential investors.

Outlook:

The future of Dogecoin is uncertain, but the recent price surge and its continued momentum suggest that the cryptocurrency has the potential for further growth. However, investors should conduct thorough research and exercise caution before investing in any cryptocurrency.