The latest price of Dogecoin at 01:00 on January 4, 2025

(24-hour Dogecoin price trend)

Dogecoin Surges by 11.45% in 24 Hours

January 4, 2025

Dogecoin (DOGE), the popular meme-based cryptocurrency, has witnessed a significant surge in its price over the past day. As of 01:00 AM on January 4, 2025, the price of DOGE stands at $0.37776316061894.

Over the previous 24 hours, the trading volume of Dogecoin has reached an impressive $3860884161.0004. This surge in trading activity has played a role in driving the price upwards.

Key Statistics

• Current Price: $0.37776316061894
• 24-Hour Trading Volume: $3860884161.0004
• 24-Hour Price Change: +11.45329286%
• Circulating Supply: 147472336383.71
• Max Supply: N/A
• Total Supply: 147472336383.71
• Market Cap: $55709615896.168

Factors Influencing the Rise

Several factors appear to have contributed to Dogecoin's recent price increase. One potential factor is the growing popularity of meme-based cryptocurrencies among retail investors. Dogecoin, known for its lighthearted and playful image, has been gaining traction in this space.

Additionally, positive news and announcements related to Dogecoin may have boosted investor sentiment. For instance, recent partnerships with merchants and the announcement of new developments in the Dogecoin ecosystem may have encouraged buyers to enter the market.

Outlook

The cryptocurrency market remains highly volatile, and future price movements for Dogecoin are uncertain. However, the recent surge suggests that there is still significant interest and demand for the coin. Investors should carefully consider their own risk tolerance and conduct their own research before making any trading decisions.