(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges with 18.79% Price Increase in 24 Hours

As of November 11, 2024, at 17:00 UTC, the price of Dogecoin (DOGE) stands at $0.27817786377073. Over the past 24 hours, DOGE has experienced a significant surge of 18.79366433%, with a trading volume of $185,692,426,14.767.

Market Overview

Here is an overview of DOGE's market statistics:

• Circulating Supply: 146,744,346,383.71
• Maximum Supply: Unknown
• Total Supply: 146,744,346,383.71
• Market Capitalization: $40,821,028,797.452

Recent Developments and Outlook

The recent price hike for DOGE is attributed to several factors, including:

• Positive sentiment around the cryptocurrency market: The overall cryptocurrency market has been trending upwards in recent weeks, with many major coins experiencing gains.
• Increased interest in DOGE: DOGE has gained a loyal following due to its association with Elon Musk and its use as a payment option by various companies.
• Scarce supply: DOGE has a limited supply, which contributes to its scarcity and potential price appreciation.

Analysts predict that DOGE's positive momentum could continue in the near term, with a potential further increase in price. However, as with any investment, it is important to exercise caution and conduct thorough research before making any decisions.