(24-hour Dogecoin price trend)

Dogecoin Surges, Breaking Monthly Record

At 4:00 PM EST on November 14, 2024, Dogecoin's (DOGE) price stood at $0.39920729677336, with a 24-hour trading volume of $22,311,195,881.659. The meme-inspired cryptocurrency saw a substantial 4.88473749% increase in its value over the past 24 hours.

Key Statistics:

• Circulating supply: 146,784,886,383.71
• Maximum supply: None
• Total supply: 146,784,886,383.71
• Market capitalization: $58,597,597,700.424

Market Analysis:

Dogecoin's recent surge has driven its price to its highest monthly closing value ever. Some analysts believe this momentum could continue, potentially leading to an 8,000% increase in its value.

Possible Drivers of the Rally:

• Speculation fueled by Elon Musk's recent tweet about the upcoming cryptocurrency "Pnut"
• Positive news about the potential adoption of cryptocurrency by President Trump's newly created "Department of Governmental Efficiency"
• FOMO (fear of missing out) among investors after missing out on Bitcoin's recent gains