(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges 15.9% on Friday amidst Market Turmoil

As of November 23, 2024, 10:00 PM, Dogecoin (DOGE) is trading at $0.46371790498981, reflecting a 24-hour trading volume of $19,390,434,740.904. The cryptocurrency has witnessed a significant surge of 15.90278142% over the past day.

Dogecoin's current circulating supply stands at 146,911,216,383.71, with a maximum supply of 146,911,216,383.71. The total supply also remains at 146,911,216,383.71. This equates to a流通市值of $68,125,361,480.956.

Market Dynamics

Dogecoin's recent upswing comes amidst a turbulent broader cryptocurrency market. Bitcoin, the largest and most influential cryptocurrency, has faced a steep decline of 8.03%. The overall market sentiment has been negative due to factors such as the collapse of FTX and concerns over the global economic outlook.

However, Dogecoin has bucked this trend, likely driven by its unique appeal and loyal community. DOGE is often associated with social media and memes, which has contributed to its widespread popularity.

Coinbase Effect

The anticipated listing of Dogecoin on the leading global cryptocurrency platform, Coinbase, has also played a role in boosting DOGE's price. The addition of a reputable and accessible exchange could attract new investors to the project.

Base Chain Support

Despite the lack of significant capital on the Base chain compared to the dominant Solana network, the backing of Coinbase could provide a strong foundation for Dogecoin's future development. The integration with Base could potentially open up avenues for partnerships and integrations with other projects in the ecosystem.

Potential for Innovation

The social infrastructure and the potential for growth in the Ai meme sector could lead to innovative and captivating use cases for Dogecoin. The combination of the project's playful nature and the technical developments on Base may foster the emergence of novel applications.