(24-hour Dogecoin price trend)

Dogecoin Price Analysis: A Deep Dive

January 21, 2025, 2:00 PM UTC

Key Takeaways

• Dogecoin's current price stands at $0.34050980895582.
• The 24-hour trading volume has reached $7892188120.7943.
• Dogecoin has experienced a price decrease of -10.01011822% in the last 24 hours.

Market Overview

Dogecoin (DOGE) is a decentralized cryptocurrency created in 2013. Named after the popular internet meme of the same name, DOGE has gained significant popularity and attention over the years.

Price Analysis

As of January 21, 2025, 2:00 PM UTC, the latest price of Dogecoin (DOGE) is $0.34050980895582. This price represents a decrease of -10.01011822% in the past 24 hours.

The 24-hour trading volume, indicating the total amount of DOGE traded in the last 24 hours, has reached a significant value of $7892188120.7943. This high volume suggests active trading activity and market interest in Dogecoin.

Supply and Circulation

The current circulating supply of Dogecoin is 147711576383.71. This means that there are currently this many DOGE tokens in circulation, available for trading and use.

The maximum supply of Dogecoin is unlimited, unlike many other cryptocurrencies. This implies that new DOGE tokens can be created indefinitely, potentially affecting the long-term value and supply-demand dynamics of the cryptocurrency.

The total supply of Dogecoin, including both circulating and uncirculating tokens, stands at 147711576383.71.

Market Capitalization

The market capitalization of Dogecoin is calculated by multiplying the current price of DOGE by the total circulating supply. As of January 21, 2025, 2:00 PM UTC, the market capitalization of Dogecoin is $50297240654.978.

Conclusion

Dogecoin's price has experienced a notable decrease of over 10% in the last 24 hours. Despite this, the cryptocurrency maintains a significant trading volume, indicating continued market interest. The unlimited supply of DOGE plays a significant role in its supply-demand dynamics and long-term value potential.