Price: $0.46676 19.9008%
Market Cap: 68.57B 2.0457%
Volume (24h): 20.12B 0.5%
Dominance: 2.0457%
Price: $0.46676 19.9008%
Market Cap: 68.57B 2.0457%
Volume (24h): 20.12B 0.5%
Dominance: 2.0457% 2.0457%
  • Price: $0.46676 19.9008%
  • Market Cap: 68.57B 2.0457%
  • Volume (24h): 20.12B 0.5%
  • Dominance: 2.0457% 2.0457%
  • Price: $0.46676 19.9008%
Home > Information news > The latest price of Dogecoin at 06:00 on November 9, 2024

The latest price of Dogecoin at 06:00 on November 9, 2024

Release: 2024/11/09 06:31 Reading: 914

Original author:DogeHome

(24-hour Dogecoin price trend)

Dogecoin Price Surge: Analysis and Implications

As of November 9, 2024, 06:00 UTC, Dogecoin (DOGE) is trading at $0.20485528858421, with a 24-hour trading volume of $39,027,787,383.361. Dogecoin's price has increased by a significant 7.06471655% in the past 24 hours.

Current Market Status

Dogecoin's current supply stands at 146,711,096,383.71, while its maximum supply and total supply remain uncapped. This implies that there is no limit to the number of DOGE coins that can be created, unlike Bitcoin, which has a fixed supply.

Recent Price Performance

Dogecoin has witnessed a notable surge in its value over the past 24 hours. This increase can be attributed to a combination of factors, including positive news and market sentiment.

Influential Factors

  • Elon Musk's Support: Tesla CEO Elon Musk has been a vocal advocate for Dogecoin, often tweeting about it and even accepting it as payment for Tesla merchandise. This has helped boost the coin's popularity and drive its price upward.
  • Increased Adoption: Dogecoin is gaining widespread acceptance as a form of payment, with merchants such as AMC Theatres and GameStop now accepting the cryptocurrency. This increased utility has contributed to its value.
  • Speculation and Hype: Dogecoin has also benefited from significant speculation and hype in the crypto community. The coin's potential for growth and its association with Musk have attracted a large number of investors.

Implications and Outlook

Dogecoin's recent price surge suggests that the cryptocurrency continues to have strong market demand. While its long-term value is still uncertain, the coin's growing adoption and association with major companies could contribute to its continued growth.

It's important to note that Dogecoin remains a volatile asset, and its price is subject to significant fluctuations. Investors should exercise caution and conduct thorough research before making any investment decisions.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.