Key Highlights
- Dogecoin (DOGE) gained 2.2% in the past 24 hours, trading at $0.07383.
- The token’s market capitalization increased to $11.44 billion.
- DOGE staged a V-shaped recovery after falling near $0.0710 earlier in the session.
Dogecoin, a meme-inspired cryptocurrency, demonstrated positive reaction in today’s trading session after US CPI Data release, climbing approximately 2.2% over the past 24 hours to reach $0.07383, according to data from CoinMarketCap. The asset also saw its market capitalization rise in tandem, hitting around $11.44 billion.
What do the 24-hour metrics suggest
The 24-hour price chart revealed a classic volatile pattern typical of DOGE: an early dip that pushed the price down toward the $0.0710 region, followed by a sharp V-shaped recovery. Buyers aggressively stepped in during the latter part of the session, driving a steep upward move that culminated near the $0.0738 level.
This late-session surge was accompanied by a healthy trading volume of approximately $487.57 million, representing a 9.12% increase.
Key 24-Hour Metrics:
- Current Price: $0.07383 (at time of screenshot)
- 24h Change: +2.2%
- Market Cap: $11.44B (+2.21%)
- 24h Volume: $487.57M
- Volume/Market Cap: 3.83%
As of the latest data, DOGE continues to rank among the top 10 cryptocurrencies by market capitalization, with a circulating supply of roughly 155 billion tokens.
Note: This is a developing story and will be updated
Also Read: Why Is Curve DAO (CRV) Up Today?
