(24-hour Dogecoin price trend)
Dogecoin (DOGE) Market Update: January 11, 2025
At 19:00 UTC on January 11, 2025, Dogecoin (DOGE) is trading at $0.33625320802777, marking a 0.35341791% decrease in the past 24 hours. The 24-hour trading volume is $2,620,164,745.2072.
Supply Data
- Circulating supply: 147,577,716,383.71 DOGE
- Maximum supply: N/A
- Total supply: 147,577,716,383.71 DOGE
Market Capitalization
The live market capitalization for Dogecoin is $49,623,480,567.433, reflecting the total value of all DOGE currently in circulation.
Key Considerations
- Market Trends: The recent price fluctuation suggests a bearish sentiment in the market, with the value of DOGE decreasing slightly over the past day. However, Dogecoin remains relatively stable compared to other cryptocurrencies and has a significant presence in the market.
- Supply Dynamics: The circulating supply of DOGE remains the same, with no maximum supply specified. The total supply of DOGE is slightly lower than the circulating supply due to factors such as lost or unclaimed coins.
- Market Volatility: Dogecoin is known for its volatility, and its price can fluctuate significantly. Investors should be aware of this risk and proceed with caution when trading or holding DOGE.
- Market Sentiments: The market sentiment towards Dogecoin varies widely. Some investors view it as a potential long-term investment, while others remain skeptical about its stability and value proposition. The recent price drop may indicate a temporary bearish sentiment, but it remains to be seen how the market will react in the coming weeks.
In conclusion, Dogecoin's market performance on January 11, 2025, is characterized by a slight decrease in price and relatively stable trading volume. The ongoing market trends, supply dynamics, volatility, and market sentiment should be considered when making any investment decisions involving DOGE.