At 17:00 on February 04, 2025

(24-hour Dogecoin price trend)

Dogecoin Price Surge: A 5% Boost in 24 Hours

As of February 4, 2025, at 5 pm, the latest price of Dogecoin (DOGE) stands at $0.26419291220007. This represents a significant 5.03311566% increase in value over the past 24 hours.

The 24-hour trading volume for Dogecoin has reached an impressive $6362116660.4112, indicating a surge in market activity.

Key Dogecoin Statistics

• Circulating Supply: 147904186383.71
• Maximum Supply: N/A
• Total Supply: 147904186383.71
• Market Cap: $39075237727.293

Reasons for the Surge

The recent surge in Dogecoin's price can be attributed to several factors, including:

• Renewed interest in meme coins: Dogecoin, being a popular meme coin, has benefited from the ongoing revival of interest in this category.
• Speculative trading: Short-term traders may be betting on Dogecoin's continued price appreciation.
• Positive news: Recent positive news and developments related to Dogecoin may have boosted confidence among investors.

Outlook

While the short-term prospects for Dogecoin appear bullish, it's important to exercise caution. Cryptocurrency markets are highly volatile, and the price can swing rapidly in either direction.

Investors should conduct thorough research and consider their individual risk tolerance before making investment decisions involving Dogecoin or any other cryptocurrency.