The latest price of Dogecoin at 09:00 on November 28, 2024

(24-hour Dogecoin price trend)

Dogecoin Soars, Surpassing Existing Resistance Levels

November 28, 2024, 09:00 AM EST

Dogecoin (DOGE), the popular cryptocurrency known for its Shiba Inu mascot, has recently experienced a significant surge in value, breaking through notable resistance levels. As of today, November 28, 2024, 09:00 AM EST, DOGE is trading at $0.40629249353239, marking a notable 6.13808557% increase within the past 24 hours.

The surge in DOGE's price is attributed to several factors, including increased demand from retail and institutional investors, as well as positive news surrounding the cryptocurrency. The recent launch of the Dogechain blockchain, which allows developers to create decentralized applications on the DOGE network, has further fueled investor interest.

The 24-hour trading volume for DOGE stands at $6364275231.6815, indicating a substantial level of activity in the market. The cryptocurrency has a circulating supply of 146971856383.71, with a maximum supply and a total supply of 146971856383.71. The circulating market capitalization for DOGE currently stands at $59713562009.219.

Analysts believe that DOGE's positive momentum is likely to continue in the near future, with the potential for further price increases. The cryptocurrency is seen as a speculative investment with substantial potential, and its recent performance has reinforced this perception.

However, it's important to note that the cryptocurrency market can be highly volatile, and there is always the potential for price fluctuations. Investors should exercise caution and conduct thorough research before making any investment decisions.