(24-hour Dogecoin price trend)

Dogecoin (DOGE) Soars 7.47% in 24 Hours

As of November 10, 2024, at 4:00 PM, Dogecoin (DOGE) is trading at $0.2277730624359 with a 24-hour trading volume of $5,800,291,408.3431. DOGE has experienced a surge in its price by 7.47075602% over the past 24 hours.

Key Metrics

• Current price: $0.2277730624359
• 24-hour trading volume: $5,800,291,408.3431
• Price change (24 hours): +7.47075602%
• Bitcoin dominance: 38.47%
• Circulating supply: 146,730,296,383.71
• Maximum supply: N/A
• Total supply: 146,730,296,383.71
• Market capitalization: $33,421,208,959.444

Analysis

The recent surge in DOGE's price can be attributed to several factors, including:

• Increased investor sentiment: Positive news and developments surrounding Dogecoin have boosted investor confidence in its long-term prospects.
• Social media influence: Elon Musk, a prominent supporter of DOGE, continues to publicly endorse the cryptocurrency, which has helped to attract new investors.
• Technical factors: DOGE's price has broken through several resistance levels in recent days, indicating bullish momentum.

While DOGE's price has experienced a significant increase, it is important to note that the cryptocurrency market remains volatile. Investors should exercise caution and do their own research before making investment decisions.