(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges by 2.6%

At 4:00 PM EST on November 7, 2024, Dogecoin (DOGE) stood at a price of $0.19266954166239. The cryptocurrency witnessed a 24-hour trading volume of $6,701,251,663.9355. This surge represents a 2.60789233% increase in DOGE's value over the past 24 hours.

Key Statistics:

• Circulating Supply: 146,689,246,383.71
• Maximum Supply: N/A
• Total Supply: 146,689,246,383.71
• Market Cap: $28,262,549,867.55

Analysis:

The recent rise in DOGE's price could be attributed to several factors, including:

• Growing acceptance as a payment method
• Speculative trading by investors
• Positive sentiment surrounding Elon Musk's support for the cryptocurrency

Key Takeaways:

• Dogecoin continues to attract attention from investors and users alike.
• Its price remains volatile, subject to fluctuations in market sentiment.
• The long-term prospects of DOGE depend on its adoption and utility within the cryptocurrency ecosystem.