19:00 on January 31, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Update and Overview

As of January 31, 2025, 7:00 PM EST

Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is currently trading at $0.3301040422642. Over the past 24 hours, its price has witnessed a slight decline of -0.37336949%.

Trading Volume and Market Capitalization

Within the same 24-hour period, Dogecoin has experienced a significant trading volume of $1268508582.6801, indicating high liquidity in the market. Its current market capitalization stands at approximately $48806026700.787, showcasing its notable presence within the cryptocurrency landscape.

Key Supply Metrics

Dogecoin has a total circulating supply of 147850436383.71 DOGE, with a maximum supply and total supply yet to be determined. This indicates that the issuance of new DOGE tokens may continue in the future, potentially affecting its price.

Key Considerations

As with any cryptocurrency investment, it's essential to conduct thorough research and exercise caution before making trading decisions. Dogecoin's price is subject to market volatility, and its value can fluctuate significantly within short time frames.

Additionally, Dogecoin has achieved widespread recognition as a joke currency that began as a satirical imitation of Bitcoin. However, its price surge in recent years has surprised many and is primarily driven by community support and positive media attention.

Overall, Dogecoin remains a highly speculative investment with both potential upside and significant risk. Understanding the associated risks and conducting due diligence is crucial before considering any DOGE trades.