The latest price of Dogecoin at 13:00 on January 4, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges 16%, Reaching $0.39

As of January 4, 2025, 1 p.m., the price of Dogecoin (DOGE) stood at $0.39293081885256, marking a significant 16.35782212% increase in its value over the past 24 hours.

This surge in price coincides with an increase in trading volume, which currently stands at $5914227763.9817. This indicates that there is a high level of interest in the cryptocurrency among buyers and sellers.

Dogecoin's Supply and Market Capitalization

The circulating supply of Dogecoin is 147479226383.71, while its total and maximum supply remain unknown. As of today, the流通市值of Dogecoin is $57949133186.692.

Factors Influencing Dogecoin's Price

The factors influencing the price of Dogecoin are complex and interconnected. However, key variables include:

• Speculation and Hype: Dogecoin's rise to popularity has been largely driven by speculation and hype, particularly on social media platforms like Twitter and Reddit.
• Elon Musk's Support: Tesla and SpaceX CEO Elon Musk has been a vocal supporter of Dogecoin, sending its price soaring on several occasions with his tweets.
• Technical Analysis: Technical traders often analyze Dogecoin's price charts to identify patterns and make predictions about its future direction.
• Market Conditions: Broad market conditions, such as fluctuations in the value of Bitcoin and the overall cryptocurrency industry, can also impact Dogecoin's price.

Conclusion

Dogecoin has been on a rollercoaster ride over the past few years, experiencing both booms and busts. While the recent surge in price is a positive sign, it is important to approach any cryptocurrency investment with caution. Investors should conduct thorough research and be aware of the risks involved before committing to any specific asset.