February 5, 2025 at 16:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin: A Comprehensive Analysis

As of February 5, 2025, at 16:00 UTC, the price of Dogecoin (DOGE) stood at $0.2654014677757, marking a 0.86792492% increase in the past 24 hours. The total trading volume for the same period amounted to $3,140,461,876.6109.

Circulating and Total Supply:

The circulating supply of Dogecoin currently stands at 147,916,856,383.71, while the maximum supply remains uncapped. The total supply, including both circulating and unmined coins, is also the same: 147,916,856,383.71.

Market Capitalization:

Based on the current price and circulating supply, the market capitalization of Dogecoin is $39,257,350,793.003. This represents the total value of all Dogecoin in circulation.

Other Relevant Information:

• Blockchain: Dogecoin operates on a proof-of-work blockchain similar to Bitcoin.
• Transaction Time: Transactions on the Dogecoin blockchain typically take around 1 minute to confirm.
• Fees: Dogecoin transactions usually incur minimal fees.
• Mining: Dogecoin is mined using specialized hardware called ASICs.

Conclusion:

Dogecoin has experienced significant price fluctuations in recent times, influenced by various factors such as market sentiment, adoption rates, and regulatory actions. While it remains a popular cryptocurrency among retail investors, its long-term value proposition and future prospects are still subject to ongoing debate and analysis.