The latest price of Dogecoin at 21:00 on August 23, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surges Amidst Renewed Interest

As of August 23, 2024, 9:01 PM UTC, Dogecoin (DOGE) has surged in value, hitting a price of $0.10845931208548. This represents a significant 2.6087688% increase over the past 24 hours.

Trading Volume and Market Cap

The 24-hour trading volume for DOGE stands at $425882703.77768, indicating a substantial amount of activity in the market. The cryptocurrency's current market capitalization stands at $15797372815.088, making it one of the most valuable cryptocurrencies by market cap.

Supply and Circulation

Currently, there are 145652526383.71 DOGE in circulation, while the maximum supply is unknown. The total supply of DOGE also remains unknown. This unknown supply has contributed to its volatile price movements in the past.

Factors Contributing to the Surge

Several factors have contributed to the recent surge in DOGE's price:

• Community support: DOGE has a dedicated and passionate community, known as the "DogeArmy," which has consistently supported the cryptocurrency.
• Social media hype: Elon Musk, the CEO of Tesla and SpaceX, has often expressed his support for DOGE, which has generated significant interest in the coin on social media.
• Growing use cases: DOGE is increasingly being used for transactions and payments by businesses and individuals. This increased utility has also driven up its value.

Outlook

While Dogecoin's future is uncertain, the recent surge in price is a testament to its potential. The cryptocurrency's strong community and growing use cases suggest that it could continue to gain traction in the years to come. However, investors should be aware of its volatility and the potential risks associated with investing in cryptocurrencies.