The latest price of Dogecoin at 16:00 on January 14, 2025

(24-hour Dogecoin price trend)

Dogecoin Resists Snoozefest, Spikes 6% on Trump Tweet

January 14, 2025 | 4:00 PM EST

Dogecoin (DOGE), the highly volatile meme-inspired cryptocurrency, is defying market lethargy with a 6.00438502% surge in the past 24 hours. As of 4:00 PM EST on January 14, 2025, DOGE is trading at $0.34425144974926.

This price action follows a notable social media endorsement from former U.S. President Donald Trump, who recently announced he will accept political donations in DOGE. "Dogecoin is fun, just like America!" Trump tweeted, sending shockwaves through the crypto community.

The latest rally has propelled DOGE to hold its position as the seventh most valuable cryptocurrency by market capitalization. Its total circulating supply stands at 147,617,156,383.71 tokens, out of a total supply of the same amount. The current market capitalization of DOGE is estimated at $5,081,742,0092.954.

Despite the recent price hike, DOGE remains significantly below its all-time high of $0.7376 set in May 2021. Analysts are divided on whether the current rally will sustain or if the meme coin will succumb to the broader market volatility.

"Dogecoin's price movements are notoriously unpredictable," said crypto expert Samuel Harris. "While the Trump tweet has certainly provided a temporary boost, it's too early to say if it will lead to a sustained uptrend."

However, many in the DOGE community remain optimistic, citing the coin's strong community support and its potential use cases as a method of payment.

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