The latest price of Dogecoin at 08:00 on November 22, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge of 2.8%

As of November 22, 2024, at 08:00 AM UTC, Dogecoin (DOGE) stands at a price of $0.38789355914119. This represents an increase of 2.82894858% over the last 24 hours.

The total trading volume for DOGE during this period reached $8052943454.9117, demonstrating significant market activity.

Key Statistics:

• Circulating supply: 146,889,366,383.71
• Maximum supply: N/A
• Total supply: 146,889,366,383.71
• Market capitalization: $56,977,439,126.57

Insights:

• DOGE's price surge suggests growing investor confidence in the cryptocurrency.
• The large trading volume indicates high liquidity and interest from market participants.
• The absence of a maximum supply for DOGE highlights its potential for inflation, which could impact its value in the long run.
• Bitcoin's dominant share of the cryptocurrency market continues to influence DOGE's price movement.

Implications:

• Short-term traders may capitalize on DOGE's upward momentum, but caution is advised due to the potential for price fluctuations.
• Long-term investors may consider diversifying their portfolio by incorporating DOGE, recognizing its growth potential.
• Regulators and financial institutions should remain vigilant in monitoring the cryptocurrency market, including the adoption and implications of Dogecoin.