(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges with 19% Price Hike Over 24 Hours

As of November 13, 2024, 12:00 AM UTC, Dogecoin (DOGE) trades at a price of $0.36943172332043. This represents an impressive 19.24205528% surge in its value over the last 24 hours.

Key Metrics

• Market Cap: $5,421,843,010,76.78
• 24-Hour Trading Volume: $4,015,401,467,664.90
• Circulating Supply: 146,761,706,383.71
• Maximum Supply: None

Recent Performance

DOGE has experienced significant price volatility over the past few months. However, its recent rally brings it closer to levels it has not reached since May 2023. Analysts attribute the surge to a combination of factors, including increased investor confidence in the cryptocurrency and a positive outlook on the broader market.

Related News and Insights

• Elon Musk Reinstates Dogecoin Promotion: Tesla and SpaceX CEO Elon Musk has once again begun promoting DOGE on Twitter, raising speculation about the cryptocurrency's future.
• Regulatory Developments: Several countries are considering regulating cryptocurrencies, including DOGE. These regulations could potentially impact the coin's price and availability.
• Growing Meme Coin Popularity: DOGE is one of the most well-known "meme coins," whose value is often driven by social media sentiment. The recent resurgence in its popularity suggests a shift in market sentiment toward such assets.