February 18, 2025 at 00:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of February 18th, 2025, 00:00 UTC, Dogecoin (DOGE) is trading at $0.26105569212606. The 24-hour trading volume for DOGE is $1,160,446,922.8397, representing a surge in trading activity.

Price Performance

Over the past 24 hours, DOGE's price has experienced a decline of -2.59667898%. This decline is indicative of a bearish sentiment in the market and could indicate a potential correction. Despite the recent price drop, DOGE remains significantly higher than its all-time low of $0.00026922 in January 2018.

Key Metrics

• Circulating Supply: 148,084,846,383.71
• Max Supply: None (theoretically unlimited)
• Total Supply: 148,084,846,383.71
• Market Cap: $38,658,392,066.08

Influencing Factors

Several factors may have influenced the recent performance of DOGE:

• Market Sentiment: The overall cryptocurrency market has been experiencing a bearish trend in recent weeks, with many major cryptocurrencies, including Bitcoin, losing value. This negative sentiment has likely had an impact on DOGE as well.
• Elon Musk: Elon Musk, CEO of Tesla and SpaceX, has been a vocal supporter of DOGE and has often tweeted about the cryptocurrency. However, recent negative comments by Musk may have contributed to the price decline of DOGE.
• Whale Activity: According to blockchain data, a large number of DOGE has recently been transferred to unknown wallets, suggesting that whales may be liquidating their holdings. This could also have put downward pressure on the price.

Outlook

The future price of DOGE is difficult to predict, as it depends on a variety of factors including market conditions, demand and supply dynamics, and external influences such as news and events. It is important to note that cryptocurrency markets are volatile, and investors should always conduct thorough research before making investment decisions.