The latest price of Dogecoin at 21:00 on December 07, 2024

(24-hour Dogecoin price trend)

Dogecoin Surges, Hitting $0.44 amid Market Volatility

December 7, 2023, 9:00 PM PST

Dogecoin (DOGE), the popular meme-inspired cryptocurrency, has experienced a significant price surge in the past 24 hours, with its value climbing by 5.77482732%. As of 9:00 PM PST on December 7, 2023, Dogecoin's latest price stood at $0.448164064369.

The surge has been accompanied by a substantial increase in trading volume, with over $7.19 billion worth of DOGE being traded in the past day. This suggests that there is significant interest and demand for the cryptocurrency in the market.

Shibe Patronage

Analysts attribute Dogecoin's recent upward trend to several factors, including increased adoption and social media buzz. Shiba Inu enthusiast communities and individuals have played a significant role in promoting the cryptocurrency and fostering its growth.

Furthermore, the upcoming Shibarium layer-two network launch has generated excitement within the crypto community. The network is expected to enhance the scalability and transaction speeds of Dogecoin, which could further boost its value.

Market Volatility

However, it is important to note that the cryptocurrency market remains volatile, and Dogecoin's price can fluctuate significantly in the coming days. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.

Key Metrics

As of December 7, 2023:

• Circulating supply: 147,100,956,383.71
• Total supply: 147,100,956,383.71
• Circulating market cap: $65,925,362,485.488