February 6, 2025 at 17:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Stumbles: Price Dips Amidst Bearish Sentiment

As of February 6, 2025, at 5:00 PM EST, Dogecoin (DOGE) traded at $0.26416830271444. The cryptocurrency experienced a moderate decline in the past 24 hours, with its price dropping by -0.19599757%.

Over the same period, DOGE recorded a substantial trading volume of $1645993749.3667. This suggests that there is still considerable interest in the coin despite its recent price setback.

Key Statistics

• Circulating supply: 147931256383.71
• Maximum supply: Not applicable
• Total supply: 147931256383.71
• Market capitalization: $39078748917.299

Outlook and Analysis

Analysts attribute the recent decline in DOGE's price to several factors, including the broader bearish sentiment in the cryptocurrency market. Bitcoin (BTC), the dominant cryptocurrency, has also experienced a significant correction in recent weeks, casting a shadow on altcoins like DOGE.

However, some experts remain optimistic about DOGE's long-term prospects. They point to Elon Musk's continued support for the coin and the growing adoption of DOGE by businesses. Musk recently reasserted his faith in DOGE, a move that could bolster investor confidence.

Related News

• Bitcoin Plunges: Will It Drop Below $90,000?
• Altcoins Face Uncertainty: Where Do Dogecoin and Others Stand?
• Musk's Love for DOGE: Has He Forsaken Pepe and Shiba Inu?