The latest price of Dogecoin at 08:00 on November 9, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Surges: Latest Update and Insights

As of November 9, 2024, 08:00 UTC, the latest price of Dogecoin (DOGE) is $0.20226769765193. The 24-hour trading volume stands at $408,463,512,381.75. Over the past 24 hours, Dogecoin's price has witnessed a notable surge of 4.65788771%.

Key Supply Metrics:

• Circulating Supply: 146,711,956,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,711,956,383.71 DOGE

Market Value:

• Circulating Market Cap: $29,675,089,635.742

Additional Information:

• Market Sentiment: Bullish
• Trading Pairs: DOGE/USDT, DOGE/BTC, DOGE/ETH
• Exchanges: Binance, Coinbase, Kraken

Analysis:

Dogecoin's recent price increase is attributed to several factors. First, Elon Musk's continued support for the cryptocurrency has boosted its visibility and appeal. Second, the expected release of the Shiba Inu layer-2 solution, Shibarium, has sparked anticipation and optimism within the Dogecoin community.

Despite the positive momentum, it's important to note that Dogecoin remains highly volatile and its price is subject to significant fluctuations. Investors should approach Dogecoin with caution and conduct thorough research before making any investment decisions.