The latest price of Dogecoin at 04:00 on December 24, 2024

(24-hour Dogecoin price trend)

Dogecoin's Price Surges Over 2%

As of December 24, 2024, at 04:00 UTC, Dogecoin (DOGE) was trading at $0.31735552404339, marking a 2.83312745% increase in price over the past 24 hours. The cryptocurrency's 24-hour trading volume stood at $4,135,343,465.9574.

Key Statistics:

• Current Price: $0.31735552404339
• 24-hour Trading Volume: $4,135,343,465.9574
• Price Change in Past 24 Hours: +2.83312745%
• Circulating Supply: 147,323,896,383.71
• Maximum Supply: N/A
• Total Supply: 147,323,896,383.71
• Market Capitalization: $46,754,052,340.965

Analysis:

Dogecoin's price has been on a steady upward trend in recent months, fueled by a combination of positive news and increasing adoption. The cryptocurrency's listing on major exchanges such as Coinbase and its acceptance as a payment method for Tesla merchandise have contributed to its growing popularity.

The recent price surge follows a series of announcements from the Dogecoin Foundation, including the launch of a new decentralized exchange (DEX) and a partnership with the crypto payment processor BitPay. These developments have further boosted investor confidence in Dogecoin's long-term prospects.

It is important to note that the cryptocurrency market is highly volatile, and the price of Dogecoin could fluctuate significantly in the short term. However, the positive momentum behind Dogecoin suggests that it has the potential to continue its upward trend in the months and years to come.