As of today, Dogecoin (DOGE) is trading at around $0.145, reflecting a price increase of over 5% in the last 24 hours. Over the past week, the coin has surged by more than 30%, showing strong momentum. Despite its long-term decline from the all-time high of $0.737 reached in 2021, Dogecoin continues to be supported by a passionate community and occasional boosts from public figures like Elon Musk. This ongoing support makes DOGE a frequent subject of speculative rallies in the crypto market.
Dogecoin remains popular due to its low transaction fees and widespread usage for tipping and smaller transactions. It also maintains a significant position as the 8th largest cryptocurrency by market capitalization, valued at approximately $21.23 billion, with a high trading volume of $1.89 billion in the last 24 hours.
What keeps DOGE relevant, aside from its meme origins, is its blend of technical appeal (quick transactions and uncapped supply) and strong community engagement.
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