The latest price of Dogecoin at 23:00 on August 9, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surges Amidst Market Uncertainty

As of 11:00 PM ET on August 9, 2024, the live price of Dogecoin (DOGE) stood at $0.10347671146511. This represented a rise of 1.20579932% over the past 24 hours.

The cryptocurrency market has been highly volatile in recent months, with major coins like Bitcoin and Ethereum experiencing significant fluctuations. However, Dogecoin has managed to maintain relative stability, defying the wider market trend.

Over the past 24 hours, DOGE's trading volume reached $739,208,208.63878, indicating significant market activity. The token's current market capitalization is estimated at $15,052,086,313.537.

Dogecoin's circulating supply is 145,463,516,383.71, while its total supply remains the same. The maximum supply of DOGE is not defined, making it an inflationary cryptocurrency that can be mined indefinitely.

Despite its lack of a capped supply, Dogecoin's unique community and strong brand recognition continue to attract investors. The cryptocurrency is often used as a medium of exchange within the online tipping culture and has been endorsed by several celebrities, including Elon Musk.

As the cryptocurrency market continues to evolve, it remains to be seen how Dogecoin will perform in the long term. However, the token's current price surge suggests that it is gaining increasing adoption and recognition within the wider crypto ecosystem.