The latest price of Dogecoin at 13:00 on January 24, 2025

(24-hour Dogecoin price trend)

Dogecoin Price Surges: Current Value and Market Performance

As of January 24, 2025, 1:00 PM UTC, Dogecoin (DOGE) has experienced a notable surge in value. Its current price stands at $0.35528507631209, representing a 1.30980656% increase over the past 24 hours.

Key Price and Market Data

• Price: $0.35528507631209
• 24-Hour Volume: $3,043,879,204.7049
• Circulating Supply: 147,751,686,383.71 DOGE

Supply and Market Dynamics

Dogecoin has a maximum supply undetermined and a total supply of 147,751,686,383.71 DOGE. Due to its inflationary nature, there is no hard cap on its supply. This differs from Bitcoin (BTC), which has a predefined maximum supply of 21 million tokens.

With its vast supply, Dogecoin has a large circulating market value of $5,249,396,9172.075. It is important to note that the cryptocurrency's price is subject to market fluctuations and can change significantly over time.

Factors Influencing Dogecoin's Value

Dogecoin's value is determined by various factors, including market sentiment, developer activity, and adoption rate. Its popularity as a "meme coin" on social media and support from prominent individuals like Elon Musk have played a significant role in its rise.

Additionally, Dogecoin's underlying blockchain technology and use cases in online tipping and microtransactions are also contributing factors to its market worth.