The latest price of Dogecoin at 18:00 on January 25, 2025

(24-hour Dogecoin price trend)

Dogecoin: Current Market Update (January 25, 2025)

As of January 25, 2025, at 5:00 PM UTC, Dogecoin (DOGE) is trading at $0.34699142579839. The 24-hour trading volume stands at $1,631,108,946.9173.

Over the past 24 hours, Dogecoin's price has experienced a decline of -3.18641495%. This follows a strong rally in the previous week, where DOGE surged by over 15%.

Key Metrics

• Circulating Supply: 147,767,806,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,767,806,383.71 DOGE
• Market Capitalization: $51,274,161,824.182

Recent Developments

Dogecoin has been making headlines in recent months due to several factors:

• Elon Musk's Support: Tesla and Twitter CEO Elon Musk is a vocal supporter of Dogecoin and has hinted at its potential integration into various ventures.
• Increased Merchant Adoption: A growing number of businesses and online retailers are now accepting DOGE as a form of payment.
• Developer Activity: The Dogecoin development team continues to make progress on upgrades and new features for the network.

Market Analysis

Technical analysis suggests that DOGE is currently below its key resistance level of $0.35. If the price breaks below support at $0.34, it could face further downward pressure.

However, market sentiment remains positive for Dogecoin. The community is highly engaged, and the project has a loyal following. Moreover, the recent developments and partnerships have boosted confidence in DOGE's long-term potential.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors should always conduct their own research before making investment decisions.