11:00 on February 02, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: February 2, 2025, 11:00 AM

As of February 2, 2025, 11:00 AM, the latest price of Dogecoin (DOGE) stands at $0.30206364396223. The 24-hour trading volume for DOGE is $1856423437.4677, indicating a moderately active market.

Over the past 24 hours, Dogecoin's price has experienced a notable decline of -7.73117429%. This drop in value may be attributed to various factors, including fluctuations in the broader cryptocurrency market and investor sentiment.

Supply and Market Capitalization

Dogecoin has a total circulating supply of 147873306383.71, with a maximum supply capped at the same number. This indicates that there is no further issuance of new DOGE coins planned in the future.

The total market capitalization for Dogecoin, as determined by multiplying its circulating supply with the current price, stands at $44667149771.006. This places DOGE as one of the top cryptocurrencies by market capitalization.

Relevance and Considerations

Dogecoin is a meme-inspired cryptocurrency that has gained widespread attention and community support. Its decentralized nature, low transaction fees, and active community have contributed to its popularity. However, investors should exercise caution when making any investment decisions and carefully consider the risks associated with cryptocurrency markets.

As with all cryptocurrencies, Dogecoin's value is highly volatile and can fluctuate rapidly. Investors should conduct thorough research and due diligence before allocating funds to any cryptocurrency, taking into account their own financial circumstances and risk tolerance.