2025年02月06日 13时Dogecoin最新价格

(24-hour Dogecoin price trend)

Dogecoin Price Slumps Amidst Bitcoin Plunge

February 6, 2025, 13:00 PST

The latest price of Dogecoin (DOGE) stands at $0.2615, with a 24-hour trading volume of $1,716,796,981.61. DOGE has experienced a notable decline in value, losing 0.65019446% in the past 24 hours.

Dogecoin's circulating supply remains at 147,928,706,383.71, with no maximum supply. The total supply also stands at 147,928,706,383.71, leading to a circulating market capitalization of $3,868,474,2029.51.

Market Commentary

The recent plunge in Bitcoin's price has had a ripple effect on the cryptocurrency market, including Dogecoin. Bitcoin's decline has sparked concerns about further downward pressure on the price of altcoins like DOGE.

Analysts are divided on the future of DOGE in the wake of this downturn. Some believe that the coin's close association with Elon Musk, who has tweeted support for DOGE in the past, could provide some support against the bearish trend.

However, others argue that DOGE lacks fundamental value and may continue to suffer from volatility as long as its price remains largely driven by sentiment and momentum.

Alternative Memecoins

Despite the recent setbacks, Dogecoin remains one of the most popular memecoins in the market. However, it faces competition from other rising stars in this space, such as Pepe Inu (PEPE) and Shiba Inu (SHIB).

Pepe Inu has surged in popularity recently, attracting investors with its branding and loyalty program. Shiba Inu, on the other hand, has a loyal fanbase and a steadily growing ecosystem.

It remains to be seen whether these alternative memecoins can challenge Dogecoin's dominance in the future. As with all memecoins, their value primarily relies on hype and social media sentiment, leaving them vulnerable to sudden fluctuations.