(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges in Value with Recent Price Hike

As of November 12, 2024, 00:00 UTC, the latest price of Dogecoin (DOGE) was $0.30981663511531. The 24-hour trading volume stood at $20052841180.05.

Significant Price Increase

Over the past 24 hours, DOGE has experienced a remarkable surge in price, rising by 25.64405375%. This upward trend has boosted the value of the cryptocurrency significantly.

Market Dynamics

The current Dogecoin supply in circulation is 146747906383.71, while the total supply and maximum supply remain unknown. The circulating market value of DOGE amounts to $45464942566.017.

Cryptocurrency Insights

Dogecoin, a popular meme-inspired cryptocurrency, has gained considerable traction in recent years. Its accessibility and low transaction fees have made it a preferred choice for many retail investors and crypto enthusiasts.

The recent price surge can be attributed to a combination of factors, including:

• Increased interest in cryptocurrencies among retail and institutional investors
• Positive news surrounding Dogecoin's potential use cases and partnerships
• Speculation and hype driven by social media and online communities

Market Sentiment

The positive market sentiment surrounding Dogecoin is evident in its rising value and the growing number of supporters. However, it's important to note that cryptocurrency markets can be volatile, and investors should exercise caution before making investment decisions.