February 15, 2025 at 00:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of February 15, 2025, 00:00 UTC, the latest price of Dogecoin (DOGE) is $0.27285748322816. Over the past 24 hours, DOGE has recorded a trading volume of $1879095529.6627. Notably, Dogecoin's price has experienced a significant increase of 6.11319997% within the last day.

Token Supply and Market Capitalization

The circulating supply of Dogecoin currently stands at 148043886383.71 DOGE, with a maximum supply of unlimited and a total supply of 148043886383.71 DOGE. This reflects the decentralized nature of the token, as there is no fixed cap on the number of DOGE that can be created.

The market capitalization of Dogecoin, calculated by multiplying the total circulating supply by the current price, is $40394882245.973. This metric indicates the overall value of all DOGE in circulation and is a measure of its market dominance.

Historical Performance

Dogecoin has experienced significant volatility in its price history. After gaining popularity as a meme coin in 2021, DOGE's price surged to an all-time high of $0.7376 on May 8, 2021. However, like many cryptocurrencies, it has since fluctuated, with periods of both growth and decline.

Factors Influencing Dogecoin Price

The price of Dogecoin is influenced by a complex interplay of factors, including:

• Supply and Demand: The availability of Dogecoin on the market and the demand for it from buyers and sellers directly impact its price.
• Community Support: Dogecoin has a strong and active community of supporters, whose sentiments and actions can affect its price.
• Market Sentiment: The overall sentiment of the cryptocurrency market as a whole can also influence the price of individual tokens like Dogecoin.

Conclusion

Dogecoin remains a popular and widely traded cryptocurrency, known for its decentralized nature, strong community support, and high volatility. While its price movements can be unpredictable, the latest surge in its value highlights the continued interest in this meme coin. Investors should carefully consider market conditions and their own risk tolerance before investing in Dogecoin or any other cryptocurrency.