(24-hour Dogecoin price trend)
Dogecoin Price Analysis
As of January 17, 2025, 7:00 AM UTC, the current price of Dogecoin (DOGE) is $0.37636849024754. The 24-hour trading volume for DOGE is $4,160,970,663.4218, indicating a significant level of market activity.
Price Movements
In the past 24 hours, the price of Dogecoin has experienced a slight decrease of -1.70425695%. This decline can be attributed to a combination of market factors, including profit-taking by early investors and bearish sentiment in the broader cryptocurrency market.
Supply and Distribution
The circulating supply of DOGE currently stands at 147,652,876,383.71 units. There is no fixed maximum supply for DOGE, meaning that its supply is potentially无限. The total supply of DOGE is also 147,652,876,383.71 units, indicating that all of the available DOGE has been mined.
Market Capitalization
The market capitalization of Dogecoin is currently $55,571,890,165.242. Market capitalization is calculated by multiplying the current price of the cryptocurrency by its circulating supply. The high market capitalization of DOGE suggests that it is a well-established and widely-held digital asset.
Additional Information
- Dogecoin was created in 2013 as a joke cryptocurrency featuring the Shiba Inu dog as its mascot.
- It gained popularity in 2021 due to endorsements from high-profile figures like Elon Musk.
- Dogecoin is often used for tipping and micro-transactions due to its low transaction fees.
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