February 6, 2025 at 08:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Shiba Inu and Dogecoin Price Analysis: DOGE Hovers Around $0.25

On February 6, 2025, at 08:00 AM, the live Dogecoin (DOGE) price was $0.2566567140338. The 24-hour trading volume was $1781282137.6089, with a price decline of -2.76583322% in the last 24 hours.

Key Metrics:

• Circulating Supply: 147926246383.71
• Maximum Supply: N/A
• Total Supply: 147926246383.71
• Market Cap: $37966264316.197

Shiba Inu Price Analysis:

Shiba Inu (SHIB) is currently trading at $0.000050787160700375. It has experienced a slight drop of -1.06187249% in the past 24 hours, bringing its market cap down to $50787160700.375.

Market Dynamics:

The cryptocurrency market has witnessed a general decline in prices over the past few days. Bitcoin, the leading cryptocurrency, has dropped below $50,000, dragging other cryptocurrencies down with it. However, DOGE and SHIB have shown some resilience, maintaining their values above key support levels.

Analyst Insights:

Analysts believe that the current market correction is a temporary dip and that DOGE and SHIB have the potential to recover in the future. They cite the strong community support and increasing adoption of these coins as reasons for their optimism.

Conclusion:

While the prices of DOGE and SHIB have declined slightly in the short term, analysts remain positive about their long-term prospects. Investors should carefully monitor the market and consider their risk tolerance before making any investment decisions.