(24-hour Dogecoin price trend)

Dogecoin Surges Over 150% in Past Week

Dogecoin (DOGE) has seen a remarkable surge in price over the past week, skyrocketing over 150% according to data from on-chain analytics. At 10:00 PM on November 13, 2024, the latest price of DOGE was $0.40622878893352, with a 24-hour trading volume of $26964529371.1. The price of Dogecoin has experienced a significant increase of 12.79343925% in the past 24 hours.

The circulating supply of DOGE is 146774636383.71, with a maximum supply and total supply both unknown. The circulating market cap of Dogecoin stands at $59624082784.31.

Key Insights

• Experts attribute the recent surge in DOGE's price to the return of "sharks and whales" on the network, based on on-chain data.
• Meme-based cryptocurrencies such as pnut neiro act pepe wif have exhibited strength amid yesterday's market pullback, reaching new highs or making strong V-shaped recoveries.
• The recent bullish sentiment in the market has been led by DOGE's impressive rally, signaling a potential resurgence of meme coins.

Conclusion

Dogecoin's recent surge has once again demonstrated the volatility and potential of the cryptocurrency market. The return of large investors and the positive sentiment surrounding the sector have contributed to DOGE's impressive performance. While it remains to be seen whether the momentum will continue, the current rally highlights the importance of monitoring market trends and investing wisely.