At 14:00 on February 04, 2025

(24-hour Dogecoin price trend)

Dogecoin Prices Surge, Rising 8.37%

February 4th, 2025, 2:00 PM

The price of Dogecoin (DOGE) has witnessed a remarkable surge of 8.37456563% within the past 24 hours, bringing its current valuation to $0.26527249750945. This upswing has been accompanied by a robust trading volume of $6822343097.2496.

Circulation and Supply Metrics

The circulating supply of Dogecoin currently stands at 147902416383.71, representing the amount of DOGE in active circulation. Dogecoin's total supply, which indicates the maximum number of coins that can ever be created, remains undisclosed.

Market Performance

The market capitalization of Dogecoin has surged to $39234443381.788, indicating the total value of all the DOGE coins in circulation. This surge aligns with the overall positive momentum in the cryptocurrency market, which has seen a notable increase in trading activity.

Insights and Analysis

Analysts attribute the recent surge in Dogecoin's price to several factors, including the increasing popularity of meme coins among retail investors and the anticipation of potential partnerships and developments. The community behind Dogecoin remains highly engaged, with active discussions and social media campaigns, which further contributes to its momentum.

Outlook

The future outlook for Dogecoin remains uncertain. While it has experienced significant price fluctuations in the past, its long-term viability depends on fundamental factors such as adoption, regulation, and the development of a strong ecosystem around the currency.

Investors should exercise caution and conduct thorough research before making any financial decisions involving Dogecoin.