The latest price of Dogecoin at 18:00 on November 06, 2024

(24-hour Dogecoin price trend)

As of November 6, 2024, at 6:00 PM, Dogecoin (DOGE) traded at $0.19821787644982, with a 24-hour trading volume of $11,233,800,334.698. DOGE has witnessed a significant surge of 18.06385668% in its price over the past 24 hours.

Key Metrics:

• Circulating Supply: 146,676,396,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,676,396,383.71 DOGE
• Market Capitalization: $29,073,883,816.49

Analysis:

The recent price increase of DOGE can be attributed to several factors, including increased adoption, positive market sentiment, and a growing recognition of its utility as a currency and asset. The coin's popularity has been fueled by its association with prominent figures, such as Elon Musk, and its active community engagement.

Moreover, the surge in DOGE's price is part of a broader rally in the cryptocurrency market, which has seen major coins like Bitcoin and Ethereum also gaining value. The overall positive market sentiment, driven by factors such as institutional adoption and regulatory clarity, is contributing to increased investor confidence in digital assets.

It is important to note that cryptocurrency markets remain volatile, and prices can fluctuate rapidly. Investors and traders are advised to conduct thorough research and due diligence before making any investment decisions.