February 9, 2025 at 19:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Sees Price Surge Amid Positive Market Sentiment

As of February 9, 2025, at 19:00 UTC, the price of Dogecoin (DOGE) stood at $0.25542893687376. The cryptocurrency had a 24-hour trading volume of $965,291,724.45857.

Over the past 24 hours, DOGE has witnessed a significant price increase of 3.1418902%. This surge in value reflects a positive trend in the broader cryptocurrency market.

Contributing Factors to the Price Rise

Several factors have contributed to DOGE's recent price growth:

• DeepSeek's Rapid Adoption: DeepSeek, a decentralized blockchain-based artificial intelligence (AI) platform, has gained significant traction lately. This has fueled the convergence of AI and blockchain technologies, boosting the value of related cryptocurrencies.
• Elon Musk's Political Influence: Elon Musk, the CEO of Tesla and SpaceX, has consistently expressed support for Dogecoin. His tweets and public statements have a substantial impact on the crypto community and have likely played a role in DOGE's price rise.
• Bullish Sentiment in the Market: The broader cryptocurrency market has been experiencing a generally bullish sentiment, with prices rising across various crypto assets. This trend has contributed to the positive performance of DOGE.

Key Metrics

• Circulating Supply: 147,972,856,383.71 DOGE
• Max Supply: Not applicable
• Total Supply: 147,972,856,383.71 DOGE
• Market Cap: $37,796,549,392.263

Conclusion

The recent price increase of Dogecoin is a reflection of several positive developments in the cryptocurrency market. The growing adoption of DeepSeek, the influence of Elon Musk, and the overall bullish sentiment have all contributed to the surge in DOGE's value. Investors should monitor these factors and the broader market conditions for potential trading opportunities.