(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Soars Amidst Musk's Political Rumors

As of November 10, 2024, at 7:00 PM, the latest price of Dogecoin (DOGE) stood at $0.23801120000206, marking a 24-hour trading volume of $6,433,098,536.1211. The token's price has experienced a surge of 13.41026391% over the past 24 hours.

Regarding its tokenomics, Dogecoin has a circulating supply of approximately 146,732,006,383.71. The token has a maximum supply and a total supply, both of which match its circulating supply. As a result, the circulating market cap for Dogecoin stands at approximately $34,923,860,918.096.

It is noteworthy that the cryptocurrency has witnessed significant movements in recent days. Notably, DOGE experienced a substantial rise of nearly 50% following the release of information suggesting Elon Musk's potential involvement in the Trump administration. These rumors have sparked enthusiasm among investors, leading to a surge in demand for the token.

However, it is essential to emphasize that the price of DOGE, like other cryptocurrencies, remains highly volatile. The value of the token can fluctuate significantly in a short period due to various factors, including market sentiments, news, and regulatory changes. Therefore, investors should proceed with caution and conduct thorough research before making any investment decisions.