February 7, 2025 at 10:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update

As of February 7, 2025, 10:00 AM, Dogecoin (DOGE) is trading at $0.25323613186672, with a 24-hour trading volume of $191,689,804,646.4678. The price of Dogecoin has decreased by -2.41655677% in the last 24 hours.

Key Metrics

• Circulating Supply: 147,940,706,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,940,706,383.71 DOGE
• Market Cap: $37,463,932,230.24

Analysis

The recent price decline in Dogecoin can be attributed to several factors, including:

• Market Correction: The cryptocurrency market has been experiencing a correction, with many assets seeing a downward trend in recent weeks.
• Profit-Taking: Investors may be cashing out their DOGE holdings to take profits.
• Technical Analysis: The price of DOGE has broken below a key support level at $0.255.

Despite the recent price decline, Dogecoin remains a popular asset among crypto enthusiasts. Its use-cases as a meme currency and potential for adoption by businesses make it a coin to watch in the future.

Caution

Investors should always exercise caution when investing in cryptocurrencies. The market is highly volatile, and prices can fluctuate significantly. Research the underlying technology, market trends, and team behind a project before making any investment decisions.