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Dogecoin Surges Over 145% to $0.42069, Market Cap Hits $53.4B as Sixth Largest Cryptocurrency

Nov 12, 2024, 04:33 AM

Dogecoin, the popular cryptocurrency initially started as a meme, has experienced a significant surge in value over the past few days. The price of Dogecoin has increased by over 145% in the past week and 30% in the last 24 hours, reaching a high of approximately $0.42069. This marks the highest level since early June 2021. Throughout its climb, Dogecoin hit several price milestones, surpassing $0.30, $0.35, $0.36, $0.38, $0.39, and $0.40 before reaching its current peak. The market capitalization of Dogecoin has also seen a substantial increase, adding an additional $20 billion today and $37.69 billion over the past 1.5 months, bringing its total market cap to around $53.4 billion. This growth has made it the sixth largest cryptocurrency project. The coin is now up 244% from previous levels in the past 1.5 months. The surge in price has led to excitement among investors as Dogecoin continues its upward trajectory.