February 05, 2025 at 14:00 Dogecoin's latest price

(24-hour Dogecoin price trend)

Dogecoin Price Update: Steady Upward Trend After Slight Decline

As of February 5, 2025, 2:00 PM UTC, Dogecoin (DOGE) is trading at $0.26433109425537, with a 24-hour trading volume of $3,300,320,148.391. The price of DOGE has witnessed a moderate increase of 0.27931354% over the past 24 hours.

Key Statistics:

• Current Price: $0.26433109425537
• 24-Hour Trading Volume: $3,300,320,148.391
• 24-Hour Price Change: -0.27931354%
• Circulating Supply: 147,915,966,383.71 DOGE
• Maximum Supply: Unlimited
• Total Supply: 147,915,966,383.71 DOGE
• Market Capitalization: $39,098,789,252.045

Notable Trends:

Despite a slight dip in the past 24 hours, Dogecoin has been on a steady upward trend since the beginning of the year. This positive momentum is primarily driven by the upcoming launch of the "Dogecoin Layer 2" network, which is expected to enhance the scalability and utility of the cryptocurrency.

Additionally, the growing popularity of Dogecoin as a payment method among online retailers and businesses has further bolstered its value. The recent announcement of a partnership between Dogecoin and a major e-commerce platform is likely to further increase its adoption and drive up its price.

Outlook:

Analysts remain optimistic about the long-term prospects of Dogecoin. The upcoming Layer 2 network and increased adoption are expected to positively impact its value. However, short-term fluctuations in the market are always possible, and investors should exercise caution before making any investment decisions.