As of October 22, 2024, here are more detailed insights about Dogecoin (DOGE):
Current Market Data:
Price: Approximately $0.1453.
24-Hour Price Change: Up by **0.6%**.
Market Capitalization: Around $21.24 billion, making it the eighth largest cryptocurrency by market cap.
Trading Volume: Approximately $2.09 billion in the last 24 hours, indicating robust trading activity.
Circulating Supply: Approximately 146.47 billion DOGE.
Performance Insights:
Weekly Performance: Dogecoin has increased about 22.9% over the past week, reflecting a positive trend.
Market Sentiment: The recent uptick in price is attributed to renewed interest in meme coins and overall bullish sentiment in the crypto market. Events such as endorsements from celebrities or significant social media trends often influence its price.
Additional Information:
Historical Context: Dogecoin has gained popularity as a meme-based cryptocurrency but has established a community that supports various charitable initiatives and community-driven projects.
Use Cases: Originally created as a joke, DOGE has found utility in tipping and small transactions, with various merchants now accepting it as a form of payment.
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