(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges, Musk-Linked "DOGE Efficiency Committee" Raises Concerns

As of November 12, 2024, at 9:00 PM UTC, Dogecoin (DOGE) is trading at $0.36997909566586, experiencing a 27.05358669% surge in its price over the last 24 hours. The 24-hour trading volume for DOGE stands at $363,473,638,802.94.

Key Statistics:

• Circulating supply: 146,759,966,383.71 billion
• Maximum supply: N/A
• Total supply: 146,759,966,383.71 billion
• Market capitalization: $54,298,119,642.596

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Concerns have been raised about the potential impact of Elon Musk's proposed "DOGE Efficiency Committee" on the US government workforce. Some experts believe it could lead to the largest wave of job cuts in history. Additionally, Musk has hinted at potentially abolishing the Federal Reserve.

Meanwhile, there is speculation surrounding Dogecoin's price prediction. Analysts debate whether it has the potential to reach $1 by the end of the month.

In comparison, Cardano (ADA) has remained relatively stable after a boost on Sunday, while Ethereum (ETH), Binance Coin (BNB), Toncoin (TON), XRP, Tron (TRX), and Avalanche (AVAX) have faced slight losses.