The latest price of Dogecoin at 07:00 on December 16, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges 2.76% in 24 Hours

As of December 16, 2024, 07:00 AM, Dogecoin (DOGE) stood at a price of $0.40980445522087 with a 24-hour trading volume of $2528079578.4851. The cryptocurrency has witnessed a 2.76012996% increase in value over the past 24 hours.

Supply and Market Cap

The circulating supply of Dogecoin is 147216366383.71, with no maximum supply and a total supply of 147216366383.71. This translates to a market capitalization of $60329922825.47.

Analysis

Dogecoin's recent price surge underscores its enduring popularity and the growing acceptance of cryptocurrencies in mainstream markets. The cryptocurrency is widely recognized for its role in the online meme culture and its association with the "Doge" meme, featuring a Shiba Inu dog.

While the price of Dogecoin has experienced volatility in recent months, it has consistently remained one of the most traded cryptocurrencies. Its user-friendly nature, low transaction fees, and community support have contributed to its enduring appeal.

Conclusion

The 2.76% gain in Dogecoin's price is a testament to its resilience and the growing interest in digital assets. As the cryptocurrency market continues to evolve, Dogecoin's unique position and loyal community will likely continue to play a significant role in its success.