(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Update as of January 31, 2025, 5 PM UTC
As of January 31, 2025, at 5 PM UTC, the current price of Dogecoin (DOGE) stands at $0.32779260668772. In the past 24 hours, the trading volume of DOGE has reached $1269701460.6922.
Recent Price Movement
Over the past 24 hours, Dogecoin has experienced a price decline of -1.40860331%. This movement reflects a moderate correction after a period of relative stability.
Key Metrics
- Circulating Supply: 147849526383.71 DOGE
- Maximum Supply: N/A
- Total Supply: 147849526383.71 DOGE
- Market Capitalization: $48463981650.86
Insights and Analysis
The recent price decline in DOGE may be attributed to factors such as profit-taking and investor concerns over the upcoming regulatory landscape for cryptocurrencies. However, the long-term outlook for DOGE remains positive due to its strong community support and potential for adoption as a viable payment method.
Conclusion
While DOGE's price has fluctuated in the short term, the fundamental drivers of its value remain strong. Investors should monitor the market closely for further developments and consider their own risk tolerance before making any investment decisions.