The latest price of Dogecoin at 18:00 on January 8, 2025

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: DOGE Slumps by 11.72%

As of January 8, 2025, 6:00 PM, the live price of Dogecoin (DOGE) stands at $0.34809664564773. The 24-hour trading volume for DOGE is $5802372943.9517. Dogecoin's price has experienced a significant decline of -11.72270847% over the past 24 hours.

Dogecoin Tokenomics:

• Circulating Supply: 147536146383.71
• Maximum Supply: N/A
• Total Supply: 147536146383.71
• Market Cap: $51356837667.96

Key Insights:

• Dogecoin's substantial price drop suggests a bearish trend in the market.
• The massive trading volume indicates high liquidity for DOGE.
• Despite the price decline, Dogecoin remains one of the most popular cryptocurrencies among retail investors.

Market Sentiment:

Analysts believe that the price of Dogecoin may continue to fluctuate due to its speculative nature and dependence on social media hype. It is crucial for investors to conduct thorough research and exercise caution before making any investment decisions involving Dogecoin or any other cryptocurrency.