February 04, 2025 at 01:00 Dogecoin's latest price

(24-hour Dogecoin price trend)

Dogecoin Surges as Market Sentiment Turns Bullish

February 4, 2025

Dogecoin (DOGE), the popular "meme coin," has seen a significant price increase in recent days, amidst an overall bullish sentiment in the cryptocurrency market. At 01:00 UTC on February 4, 2025, DOGE was trading at $0.27210405197787, a 2.16508926% increase from its price 24 hours prior.

The 24-hour trading volume for DOGE currently stands at $12,201,655,788.711, indicating substantial buying activity in the market. The coin's price has been on an upward trend since January, when it began to rally alongside other cryptocurrencies in a broader market recovery.

According to data from CoinMarketCap, DOGE's current circulating supply is 147,894,666,383.71 out of a total supply of 147,894,666,383.71. The token's market capitalization, which represents the total value of all DOGE tokens in circulation, is currently $40,242,737,988.921.

The surge in DOGE's price can be attributed to several factors, including:

• Positive news and developments around the coin and its underlying technology.
• Increasing adoption of DOGE as a payment method by merchants and businesses.
• Growing interest from retail and institutional investors drawn to its low price and potential for growth.

Analysts believe that DOGE's price could continue to rise in the short term, as the broader cryptocurrency market remains bullish. However, it is essential to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors are advised to conduct thorough research and proceed with caution when making any investment decisions.