February 8, 2025 at 17:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Latest Price Update on February 8, 2025

As of 5:00 PM UTC on February 8, 2025, Dogecoin (DOGE) is trading at $0.24741809578907, with a 24-hour trading volume of $1,869,515,336.278. In the last 24 hours, DOGE has experienced a price change of -1.82318908%.

Key Metrics:

• Circulating Supply: 147,958,416,383.71 DOGE
• Maximum Supply: Not applicable
• Total Supply: 147,958,416,383.71 DOGE
• Market Cap: $36,607,589,637.623

Additional Information:

Dogecoin is a decentralized, open-source cryptocurrency that was created in 2013. It is often referred to as the "meme coin" or "dog money" due to its association with the popular internet meme of the Shiba Inu dog.

DOGE is based on the Litecoin (LTC) protocol and uses a proof-of-work (PoW) consensus mechanism for mining and transaction verification. The block time for DOGE is approximately 90 seconds, making it one of the fastest cryptocurrencies in terms of transaction speed.

While Dogecoin was initially created as a joke, it has gained significant popularity and value in recent years. It is listed on a wide range of cryptocurrency exchanges and is accepted by some merchants as a form of payment.

The price of DOGE is influenced by various factors, including market sentiment, adoption, news events, and fundamental developments. The overall cryptocurrency market performance and the demand from retail and institutional investors can also impact DOGE's price.

It is important to note that the cryptocurrency market is highly volatile, and sudden fluctuations in prices can occur. Investors are advised to conduct thorough research and only invest what they can afford to lose.