The latest price of Dogecoin at 20:00 on December 08, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of December 8, 2024, 8:00 PM, the live price of Dogecoin (DOGE) is $0.46038837681427. The 24-hour trading volume of DOGE is $977,840,666,511.92. Over the past 24 hours, the price of DOGE has increased by 2.03846669%.

Key Statistics:

• Circulating Supply: 147,114,066,383.71
• Maximum Supply: Uncapped
• Total Supply: 147,114,066,383.71
• Market Cap: $67,729,606,228.941

Dogecoin is a decentralized digital currency that was created as a joke in 2013. It is based on the Litecoin blockchain and uses a proof-of-work consensus algorithm. DOGE has gained popularity over the years, particularly in the Reddit community.

The price of DOGE has been highly volatile, as with most cryptocurrencies. In 2021, the price of DOGE surged to an all-time high of $0.7315 when it was heavily promoted by Elon Musk, the CEO of Tesla. However, the price of DOGE has since declined and is currently trading significantly below its all-time high.

The long-term outlook for DOGE is uncertain. However, its strong community support and ongoing development could potentially contribute to its price appreciation in the future. It is important for investors to conduct thorough research before investing in any cryptocurrency, as there is always the risk of losing money.