February 11, 2025 at 04:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Surge: A Detailed Analysis

Current Market Price and Volume:

On February 11, 2025, at 04:00 UTC, Dogecoin (DOGE) traded at $0.25383706080541. Over the past 24 hours, it recorded a trading volume of $1,553,081,611.3256.

Price Fluctuation:

In the last 24 hours, DOGE has experienced a notable price increase of 1.05682337%

Cryptocurrency Rankings:

According to the latest cryptocurrency rankings, Dogecoin ranks as the 8th largest cryptocurrency by market capitalization.

Blockchain Metrics:

Dogecoin's current supply metrics are as follows:

• Circulating Supply: 147,991,686,383.71
• Max Supply: Unlimited
• Total Supply: 147,991,686,383.71

Market Capitalization:

Based on the current circulating supply and price, Dogecoin's market capitalization stands at $37,565,774,695.276.

Influencing Factors:

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

• Elon Musk's Endorsement: Dogecoin has gained significant attention due to its association with Tesla CEO Elon Musk, who has repeatedly expressed support for the cryptocurrency.
• Community Activity: Dogecoin has a strong and active community of enthusiasts, which contributes to its popularity and price stability.
• Improved Accessibility: DOGE is now widely accepted across a growing number of exchanges and platforms, making it easier for investors to purchase and trade the cryptocurrency.
• Positive Market Sentiment: The broader cryptocurrency market has been experiencing a positive trend in recent months, boosting the price of Dogecoin along with other major cryptocurrencies.