(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update

As of November 8, 2024, at 01:00 UTC, the live Dogecoin price is $0.19480556241407. The 24-hour trading volume is $484,797,3152.2704, indicating a 1.93160421% increase in the price of DOGE within the past day.

Important Statistics:

• Circulating Supply: 146,694,356,383.71
• Maximum Supply: Not applicable
• Total Supply: 146,694,356,383.71
• Market Cap: $28,576,876,598.298

Analysis:

Dogecoin has witnessed a moderate increase in its price in the past 24 hours, suggesting positive market sentiment towards the cryptocurrency. The current price is slightly above the $0.19 mark, indicating a potential breakout resistance level.

However, traders should exercise caution as the cryptocurrency market remains volatile. It is advisable to conduct thorough research and risk assessment before making any investment decisions.

About Dogecoin:

Dogecoin (DOGE) is a decentralized, open-source cryptocurrency that was created as a parody of Bitcoin in December 2013. It is named after the popular internet meme featuring a Shiba Inu dog.

DOGE has gained popularity as a payment method and has been adopted by various merchants and online platforms. Its low price and fast transaction times have contributed to its growing user base.