January 31, 2025 at 04:00 Dogecoin's latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: January 31, 2025, 04:00 UTC

Dogecoin (DOGE), the popular meme cryptocurrency, is currently trading at $0.33484441093508, with a 24-hour trading volume of $1553127819.5459. DOGE has experienced a 1.44948741% increase in price in the last 24 hours.

Key Metrics:

• Current Price: $0.33484441093508
• 24-Hour Trading Volume: $1553127819.5459
• Price Change (24 Hours): 1.44948741%
• Circulating Supply: 147841866383.71
• Maximum Supply: Unlimited
• Total Supply: 147841866383.71
• Market Cap: $49504022660.795

Dogecoin has no maximum supply, meaning that new coins can be created indefinitely. This is in contrast to other popular cryptocurrencies like Bitcoin, which have fixed maximum supplies.

Market Outlook:

Dogecoin has performed strongly in recent months, benefiting from increased interest in cryptocurrencies and the rise of meme-based coins. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.

Factors Influencing Price:

Several factors can influence the price of Dogecoin, including:

• Market sentiment
• News and events related to Dogecoin
• Performance of other cryptocurrencies
• Social media hype

Conclusion:

Dogecoin remains a popular and volatile cryptocurrency. Its price is influenced by a combination of fundamental factors and market sentiment. Investors should carefully consider their risk tolerance and investment goals before investing in Dogecoin or any other cryptocurrency.