(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Analysis and Key Metrics

As of November 16, 2024, 7:00 PM, the live Dogecoin (DOGE) price is $0.37371267853236. The 24-hour trading volume is $102,141,165,944.204. Dogecoin has experienced a 1.15096543% increase in price over the past 24 hours.

Key Metrics:

• Circulating Supply: 146,813,956,383.71 DOGE
• Maximum Supply: Unlimited
• Total Supply: 146,813,956,383.71 DOGE
• Market Cap: $54,866,236,886.088

Additional Information:

Dogecoin is a decentralized, peer-to-peer cryptocurrency that was created in 2013. It is based on the Litecoin blockchain and uses a proof-of-work consensus mechanism. Dogecoin has a strong community following and is often used for online tipping and microtransactions.

The price of Dogecoin has been volatile over the years, experiencing both rapid increases and significant decreases. In 2021, the price of DOGE surged to a record high of $0.76 after a surge in interest from retail investors and celebrities like Elon Musk. However, the price has since declined and has been trading in a relatively narrow range in recent months.

The recent price increase may be attributed to the overall positive sentiment in the cryptocurrency market and the launch of the Dogecoin Foundation, which aims to support the development and adoption of Dogecoin.