February 8, 2025 at 01:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of February 8, 2025, 1:00 AM, Dogecoin (DOGE) is trading at $0.24980124630425, with a 24-hour trading volume of $2072252453.4881. The price of DOGE has gained 0.73956136% over the last 24 hours.

Key Statistics

• Circulating Supply: 147949116383.71
• Maximum Supply: None
• Total Supply: 147949116383.71
• Market Capitalization: $36957873662.262

Technical Indicators

• Relative Strength Index (RSI): 52.45 (Neutral)
• Stochastic Oscillator (SO): 52.66 (Neutral)

• Bollinger Bands:

  • Upper Band: $0.25293412741942
  • Lower Band: $0.24666836518909

Demand and Supply

Current demand for Dogecoin is slightly exceeding supply, as indicated by the positive price movement. However, market conditions remain relatively stable, and any significant price swings are not expected in the short term.

Market Sentiment

Market sentiment towards Dogecoin remains mostly positive. Despite concerns regarding regulatory scrutiny and potential competition from other meme coins, the Dogecoin community remains strong. The increasing use of Dogecoin as a form of payment by online businesses and its inclusion on major cryptocurrency exchanges are supporting factors.

Conclusion

While the price of Dogecoin has shown a modest gain over the past 24 hours, it is crucial to note that market conditions can change rapidly. The absence of a clear maximum supply for Dogecoin may also introduce uncertainty regarding its long-term value. Nevertheless, Dogecoin continues to be a popular cryptocurrency with a dedicated community and has the potential for further growth in the future.