The latest price of Dogecoin at 16:00 on January 8, 2025

(24-hour Dogecoin price trend)

Dogecoin Price Plunges 11%

January 8th, 2025, 4:00 PM

According to the latest update, the price of Dogecoin (DOGE) has fallen to $0.34956258229939, marking a significant decrease of -11.40862181% in the past 24 hours. This drop comes amidst a broader downturn in the cryptocurrency market.

The 24-hour trading volume for Dogecoin has reached $5875255330.7325, indicating continued interest in the asset despite the price decline.

Dogecoin Statistics:

• Circulating Supply: 147535336383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147535336383.71 DOGE
• Market Capitalization: $51572833166.696

Implications:

The sharp decline in Dogecoin's price is attributed to several factors, including profit-taking after a recent surge in value, broader market sell-offs, and concerns over regulatory scrutiny.

Despite the recent setback, Dogecoin remains one of the most popular cryptocurrencies due to its strong community and potential for future growth. However, investors should exercise caution and carefully consider market conditions before making any trading decisions.