(24-hour Dogecoin price trend)

Dogecoin Surges by 13% in 24 Hours

As of November 10, 2024, 1:00 PM EST, Dogecoin (DOGE) is trading at $0.2288482612687. This represents a significant surge of 13.39006802% in the past 24 hours.

Trading Volume and Market Cap

The 24-hour trading volume for Dogecoin stands at $5879714778.5529, indicating a high level of activity in the cryptocurrency market. The total market capitalization of Dogecoin is $33578581872.325, making it one of the top-performing cryptocurrencies in terms of market value.

Circulating Supply and Supply Information

Dogecoin's circulating supply is 146728586383.71, which is approximately 85% of its total supply of 146728586383.71. This controlled supply management has contributed to the recent increase in demand and price appreciation.

Elon Musk and Dogecoin

The recent surge in Dogecoin's price has been partly attributed to the ongoing support from Elon Musk, CEO of Tesla and SpaceX. Musk's endorsement of Dogecoin as a potential currency for small transactions has drawn attention from investors and increased its popularity.

Future Outlook

Dogecoin remains a volatile cryptocurrency, and its price can fluctuate significantly in the short term. However, the recent surge and continued support from the cryptocurrency community suggest that DOGE has the potential for further growth in the future.

Investors should exercise caution when investing in any cryptocurrency and conduct thorough research before making any financial decisions.