Dogecoin (DOGE) has once again caught the crypto market’s attention after a strong rebound that pushed its price back above the $0.20 mark. Over the past 24 hours, DOGE climbed 5.85%, trading at $0.2006 as of this writing. The move comes with an impressive surge in daily trading volume, which skyrocketed 83.27% to $2.31 billion, showing renewed trader enthusiasm around the meme-inspired cryptocurrency.
Dogecoin Climbs Back Into the Top Ten With $30B Market Cap
As DOGE’s price strengthened, its market capitalization also grew to $30.37 billion, placing it among the top ten cryptocurrencies by market value. Interestingly, its fully diluted valuation (FDV) mirrors the same figure, reflecting the coin’s unlimited maximum supply.
Source: CoinMarketCap
The circulating supply currently stands at 151.42 billion DOGE, further solidifying its position as one of the most actively traded tokens in the market. Within the last day, DOGE’s price fluctuated between a low of $0.1895 and a high of $0.2024, marking a tight yet bullish trading range.
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The rally began around midday, showing consistent upward momentum before stabilizing near the current level. The recovery suggests a strong buying interest, especially as the broader crypto market shows signs of renewed optimism.
Rising Volume and Renewed Hype Signal DOGE’s Comeback Momentum
Despite its playful origins, Dogecoin’s price history is nothing short of remarkable. Its all-time low of $0.00008547 on May 7, 2015, represents a mind-blowing +234,602% increase to today’s levels. However, it still trades 72.8% below its all-time high of $0.7376, achieved during the 2021 crypto boom.
Related article: Dogecoin 24 Hours Price Analysis: DOGE Holds $0.255 After Breaking Out of Downtrend Channel – What’s Next?
This gap highlights DOGE’s potential upside if bullish sentiment continues to build in the coming months. Dogecoin’s recent 24-hour performance signals that the memecoin mania might not be over.
The sharp volume rise, consistent price growth, and strong $0.20 reclaim show clear momentum. While volatility remains, DOGE’s return to the spotlight proves it’s still one of the most resilient and entertaining assets in the crypto space.
