The latest price of Dogecoin at 19:00 on January 18, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Performance and Market Overview

As of January 18, 2025, at 19:00 UTC, Dogecoin (DOGE) is priced at $0.39790894916494, reflecting a 24-hour trading volume of $7,513,064,579.4782. Over the past 24 hours, DOGE's price has experienced a decline of 3.92361344%.

Key Market Metrics:

• Circulating Supply: 147,673,246,383.71 DOGE
• Total Supply: 147,673,246,383.71 DOGE
• Max Supply: N/A
• Market Cap: $58,760,506,288.316

Market Performance:

DOGE has exhibited significant volatility over the past year, with its price experiencing both sharp increases and declines. Despite its recent decline, the cryptocurrency's value has shown a positive trend over the long term.

Market experts attribute the fluctuations in DOGE's price to several factors, including:

• Community Support: DOGE has gained a loyal following, known as the "Dogecoin Army." Their enthusiasm and support have contributed to the cryptocurrency's growth.
• Elon Musk's Endorsement: Tesla and SpaceX CEO Elon Musk has repeatedly expressed his support for DOGE, drawing attention to the cryptocurrency and boosting its popularity.
• Social Media Hype: DOGE's price has often been influenced by social media trends and online discussions.

Future Outlook:

Analysts have varying opinions on the future prospects of DOGE. Some believe that its strong community and Musk's endorsement will continue to drive its value upward. Others argue that DOGE lacks fundamental value and is susceptible to price manipulation.

Overall, DOGE remains a highly speculative asset, with its future price dependent on market sentiment and external factors. Investors should approach it with caution and perform thorough research before making investment decisions.