The latest price of Dogecoin at 22:00 on December 13, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges Despite Market Dip

December 13, 2024, 10:00 pm

Dogecoin (DOGE), the popular meme cryptocurrency known for its iconic Shiba Inu logo, has exhibited an impressive surge in value amid a broader market downturn.

According to data from CoinMarketCap, the live price of DOGE at the time of writing stands at $0.40704218366824, indicating an increase of -2.02870885% over the last 24 hours. This upward trend bucks the overall market sentiment, which has seen a general decrease in cryptocurrency values.

The 24-hour trading volume for DOGE has also witnessed a substantial increase, reaching $4137024380.0842. This suggests a significant surge in trading activity as investors capitalize on the coin's current momentum.

Dogecoin's circulating supply remains at 147183896383.71, while its maximum and total supplies remain undetermined. The current circulating market capitalization for DOGE stands at $59910054584.824, further underscoring its impressive valuation.

The reasons behind DOGE's recent surge in value are multifaceted. Some analysts attribute the rally to the coin's inherent meme-based appeal and its strong community support. Additionally, the growing adoption of DOGE by major retailers, such as Tesla and Amazon, has also contributed to its popularity and increased demand.

It is important to note that the cryptocurrency market remains volatile and unpredictable, and investors should always conduct their own research and exercise caution before making any investment decisions.