February 5, 2025 at 20:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: February 5, 2025

As of February 5, 2025, 8:00 PM UTC, Dogecoin (DOGE) is trading at $0.2664857227455, with a 24-hour trading volume of $28,219,160,209.9953. The price of DOGE has decreased by -2.19151043% in the last 24 hours.

Key Statistics:

• Circulating supply: 147,919,416,383.71
• Maximum supply: Unlimited
• Total supply: 147,919,416,383.71
• Market cap: $39,418,412,583.105

Market Trends:

• The global cryptocurrency market is experiencing a slight decline, with the overall market capitalization decreasing by 0.25% in the last 24 hours.
• Major cryptocurrencies such as Bitcoin and Ethereum are also experiencing downward pressure, with their prices decreasing by -0.56% and -0.21%, respectively.
• Dogecoin's current price is below its 50-day and 200-day moving averages, indicating a bearish trend in the short to mid-term.

Related News and Announcements:

• Elon Musk, CEO of Tesla and Twitter, recently tweeted about Dogecoin, expressing his support for the cryptocurrency.
• The Dogecoin Foundation has announced plans to launch a new educational platform aimed at promoting cryptocurrency adoption and understanding.
• Several major cryptocurrency exchanges have added Dogecoin to their trading platforms, increasing its accessibility and liquidity.

Outlook:

Dogecoin's price is currently experiencing a correction after a significant rally in recent weeks. Technical indicators suggest a bearish trend in the short term, and the overall market sentiment is cautious.

However, Dogecoin has a strong community of supporters and a history of volatility. It is possible that the cryptocurrency could see a reversal in trend if market conditions improve or if significant positive news is announced.