(24-hour Dogecoin price trend)
Dogecoin (DOGE) Sees Price Decline Amidst Market Volatility
As of February 17, 2025, 3:00 PM PST, Dogecoin (DOGE) is trading at $0.26167624738492, with a 24-hour trading volume of $1074528066.3629. The coin has experienced a price depreciation of -3.08846087% over the past 24 hours.
Key Metrics:
- Circulating Supply: 148079966383.71 DOGE
- Max Supply: N/A
- Total Supply: 148079966383.71 DOGE
- Market Cap: $38749009916.174
Market Trends:
The recent price dip reflects broader market volatility, with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) also experiencing downward movements. The overall cryptocurrency market capitalization has declined by over 2% in the past 24 hours.
Industry news has indicated a surge in demand for Dogecoin due to speculation surrounding the potential approval of a DOGE and XRP exchange-traded fund (ETF). This news has contributed to increased trading activity and a recent spike in the DOGE/LTC pairing on cryptocurrency exchanges.
Analyst Insights:
Analysts are monitoring the situation closely, noting the potential impact of DOGE and XRP ETFs on the market if they were to gain regulatory approval. They emphasize the need for investors to exercise caution and consider the risks involved in investing in cryptocurrencies.
Related Article:
[Litecoin Price Analysis: DOGE and XRP ETF Hype Spurs LTC Whale Demand by 16%](https://www.titleofthearticle.com/litecoin-price-analysis-doge-and-xrp-etf-hype-spurs-ltc-whale-demand-by-16/)