The latest price of Dogecoin at 22:00 on August 7, 2024

(24-hour Dogecoin price trend)

Dogecoin Surge Leads to $14 Billion Market Cap

August 7, 2024, 10:00 PM

Dogecoin (DOGE), the popular memecoin, has experienced a significant surge in its price, reaching $0.10013485395575 with a 24-hour trading volume of $980,249,874.02374. Over the past 24 hours, DOGE has climbed by an impressive 4.72496705%.

The current circulating supply of Dogecoin stands at 145,435,986,383.71 DOGE, while the coin has an unlimited maximum supply. Its total supply remains at 145,435,986,383.71 DOGE, resulting in a circulating market capitalization of approximately $14,563,211,256.443.

This recent bullish trend for Dogecoin has catapulted its market cap to a resounding $14 billion, solidifying its position as one of the top cryptocurrencies by market value. The resurgence of interest in DOGE has been attributed to various factors, including support from prominent figures like Elon Musk and the growing popularity of memecoins among retail investors.

Despite its volatile nature, Dogecoin continues to attract a loyal community of holders and enthusiasts. Its accessibility, affordability, and resemblance to the popular cryptocurrency Bitcoin (BTC) have contributed to its enduring appeal.

As the cryptocurrency market continues to navigate uncertainties, it remains to be seen whether Dogecoin's upward trajectory will be sustained. However, the recent price surge has undoubtedly boosted confidence in the memecoin and its potential for further growth.