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

(24-hour Dogecoin price trend)

Dogecoin Dips Below $0.26 Following Recent Surge

As of 05:00 AM UTC on February 5, 2025, the live price of Dogecoin (DOGE) stands at $0.25740402140445. This represents a decline of -10.11443757% over the past 24 hours.

Over the same period, the trading volume for DOGE has reached $4,479,899,807.6912, indicating significant market activity despite the price dip.

Key Metrics

• Circulating supply: 147,910,936,383.71 DOGE
• Maximum supply: N/A
• Total supply: 147,910,936,383.71 DOGE
• Market capitalization: $38,072,869,834.864

Analysis

After a period of strong growth that saw DOGE briefly approach the $0.30 mark, the cryptocurrency has experienced a pullback in the past 24 hours. This correction may be attributed to profit-taking by traders who bought at lower prices.

However, it is worth noting that DOGE's price remains well above its January lows, suggesting that the overall bullish sentiment towards the cryptocurrency persists. The recent surge in trading volume also indicates ongoing interest in the market.

Outlook

The future trajectory of DOGE's price will depend on a combination of market dynamics, technical factors, and external news. If positive sentiment returns, DOGE could potentially continue its upward trend. However, if the broader market conditions turn bearish, DOGE may experience further price declines.