February 22, 2025 at 08:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price and Market Analysis

As of February 22, 2025, 08:00 UTC, the current price of Dogecoin (DOGE) stands at $0.23893822970683. The 24-hour trading volume for DOGE is $2035745278.0519. In the past day, the value of DOGE has decreased by 6.28766878%.

Key Market Statistics:

• Circulating Supply: 148144576383.71
• Maximum Supply: N/A
• Total Supply: 148144576383.71
• Market Capitalization: $35397402821.791

Analysis:

Dogecoin has been experiencing a downward trend in the past 24 hours. The asset's value has fallen by over 6%, indicating a decline in market sentiment. The decrease in trading volume also suggests a lack of significant buying or selling activity.

Despite the recent price drop, DOGE remains one of the most popular and widely traded cryptocurrencies. Its strong community following and widespread adoption on social media platforms continue to support its value.

Potential Factors Influencing the Price:

Several factors could be contributing to the recent decline in DOGE's price, including:

• Overall Market Correction: The broader cryptocurrency market has been experiencing a pullback in recent days, which has likely dragged down DOGE's price.
• Regulatory Concerns: Uncertainties surrounding cryptocurrency regulations may have made some investors cautious about investing in DOGE and other digital assets.
• Profit-Taking: Investors who bought DOGE at a lower price may have taken profits during the recent upward trend, leading to some selling pressure.

Conclusion:

The current price of DOGE is $0.23893822970683. While the asset has experienced a decline in the past 24 hours, it remains within a stable range. The overall market conditions and regulatory landscape could continue to impact DOGE's price in the coming days and weeks. Investors should exercise caution and conduct thorough research before making any investment decisions.