At 17:00 on February 03, 2025

(24-hour Dogecoin price trend)

Dogecoin's Value Dips Amidst Market Sentiment Shift

According to the latest market data as of February 3, 2025, at 5:00 PM, Dogecoin (DOGE) stands at $0.25180922699326. Over the past 24 hours, the trading volume for DOGE has reached an impressive $107,226,949,171.575.

However, the news surrounding DOGE is not all positive. In the past 24 hours, the cryptocurrency's value has taken a hit, marking a decline of approximately 16.57651854%. The dip in value aligns with a broader trend of market volatility, indicating a shift in investor sentiment.

Circulating and Total Supply

In terms of circulation and supply, Bitcoin (BTC) currently boasts a circulating supply of 147,890,356,383.71. Dogecoin, on the other hand, does not have a maximum supply limit. Its total supply currently stands at 147,890,356,383.71, with around 147,890,356,383.71 DOGE in circulation.

Market Capitalization

Despite the recent drop in price, Dogecoin's market capitalization remains sizable. As of the time of writing, its circulating supply of 147,890,356,383.71 DOGE translates to a market capitalization of approximately $37,240,156,320.738. This places Dogecoin among the top cryptocurrencies globally in terms of market capitalization.

Conclusion

The recent decline in DOGE's value serves as a reminder that the cryptocurrency market remains dynamic and subject to fluctuations. Investors are urged to exercise caution and conduct thorough research before making any investment decisions. While DOGE has experienced significant growth in the past, the current market conditions indicate that a shift in sentiment may be underway, potentially leading to further volatility in the short term.