(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of November 21, 2024, 04:00 UTC, the current price of Dogecoin (DOGE) is $0.3766758208157. In the past 24 hours, the trading volume has reached $9360419336.7845. Notably, Dogecoin's price has seen a decline of -5.84890488% within the last 24 hours.

Key Metrics:

• Circulating Supply: 146873636383.71
• Maximum Supply: N/A
• Total Supply: 146873636383.71
• Market Cap: $55323747541.019

Relevant Information:

• Dogecoin, a cryptocurrency often referred to as the "dog meme coin," was created in 2013 by Billy Markus and Jackson Palmer.
• It gained significant popularity in early 2021 due to endorsements from prominent figures such as Elon Musk.
• Dogecoin operates on a proof-of-work consensus mechanism similar to Bitcoin.
• Unlike Bitcoin, Dogecoin has no predefined maximum supply, meaning that new coins can continue to be mined.
• The price of Dogecoin has historically been volatile, influenced by factors such as market sentiment, community support, and regulatory changes.