The latest price of Dogecoin at 23:00 on December 01, 2024

(24-hour Dogecoin price trend)

Dogecoin Surges as Price Rises 1.39%

December 1st, 2024, 11:00 PM

The latest price of Dogecoin (DOGE) stands at $0.42574561139415, with a 24-hour trading volume of $5,440,563,372.3819. In the last 24 hours, Dogecoin's price has witnessed a positive increase of 1.39124707%.

Key Statistics:

• Circulating Supply: 147,020,746,383.71 DOGE
• Maximum Supply: Unlimited
• Total Supply: 147,020,746,383.71 DOGE
• Market Cap: $62,593,437,556.755

Market Analysis:

Dogecoin's price rise comes as a welcome sign for investors who have been witnessing downward trends in the cryptocurrency market in recent weeks. The surge in DOGE may be attributed to increased investor confidence in the long-term growth potential of the token.

Additionally, Dogecoin's utility as a medium of exchange is also gaining traction, with more platforms and businesses accepting DOGE as a payment method. This increased usability may be contributing to the rising demand for the token.

Implications:

The positive price movement in Dogecoin is a reminder of the volatile nature of the cryptocurrency market. While short-term fluctuations are common, long-term investors remain optimistic about the potential of DOGE.

As Dogecoin continues to gain popularity and use cases, it is expected to attract further investor attention. However, investors are advised to conduct thorough research and understand the risks associated with cryptocurrency investments before making any decisions.