The latest price of Dogecoin at 21:00 on November 08, 2024

(24-hour Dogecoin price trend)

Dogecoin Surges by 3.27% as Trump's Support Looms

As of November 8, 2024, 9:00 PM EST, Dogecoin (DOGE) has reached a price of $0.19744305815456. This represents a 3.27136578% increase in value over the past 24 hours, with a significant trading volume of $3794027648.9919.

With a circulating supply of 146705866383.71, Dogecoin has a market capitalization of approximately $28,966,054,908.013. The maximum and total supplies remain unknown.

The recent price surge of Dogecoin has been attributed to anticipation of former President Donald Trump's endorsement. Speculation is rife that such a development could propel the value of Dogecoin past $1, with some enthusiasts even predicting a potential rise to between $23 and $42.

Meanwhile, the burn of 53 million Shiba Inu (SHIB) tokens has had a limited impact on its price. Analysts suggest that SHIB's reliance on Dogecoin for significant price action remains a crucial factor in its growth prospects.

Other notable cryptocurrency-related news includes:

• Bitcoin currently trades at $76,000, leading to concerns over a possible market correction.
• Binance announces new initiatives involving XRP and Dogecoin.
• Binance CEO Changpeng Zhao's wealth has reportedly skyrocketed, prompting speculation that he may sell his shares in the exchange to pursue other ventures.