The latest price of Dogecoin at 14:00 on January 20, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of January 20, 2025, at 2:00 PM, Dogecoin (DOGE) is trading at $0.36330780296191, with a 24-hour trading volume of $10,483,327,561.117. The price of DOGE has declined by -8.12361535% over the past 24 hours.

Key Metrics

• Current Price: $0.36330780296191
• 24-Hour Trading Volume: $10,483,327,561.117
• Price Change (24H): -8.12361535%
• Circulating Supply: 147,697,376,383.71
• Maximum Supply: None
• Total Supply: 147,697,376,383.71
• Market Capitalization: $53,659,609,317.203

Analysis

The recent price movement of DOGE can be attributed to several factors, including:

• Market Correction: The crypto market experienced a general sell-off in the past few days, which has affected the price of DOGE as well.
• Profit Taking: Some DOGE holders may have decided to sell their holdings after the recent price appreciation, leading to increased selling pressure.
• Upcoming Merge: The highly anticipated Ethereum Merge may have caused some investors to shift their holdings from DOGE to Ethereum.

Despite the recent decline, DOGE remains one of the most traded cryptocurrencies with a large and active community. Its relatively low price and high transaction speed make it attractive to retail investors and frequent users.

Conclusion

The price of Dogecoin has been volatile in recent times, reflecting the overall sentiment in the crypto market. While the short-term trend is bearish, DOGE's long-term prospects remain positive due to its strong community support and utility as a fast and affordable payment method.