The latest price of Dogecoin at 20:00 on January 6, 2025

(24-hour Dogecoin price trend)

Dogecoin Surges 0.95% on Speculations of Elon Musk's X Payment

As of January 6, 2025, 8:00 PM EST, Dogecoin (DOGE) stood at $0.38667918692989, with a 24-hour trading volume of $2,591,657,974.0723. DOGE witnessed a 0.95806294% gain in value over the past day.

Key Metrics:

• Circulating Supply: 147,510,336,383.71
• Maximum Supply: Unlimited
• Total Supply: 147,510,336,383.71
• Market Cap: $57,039,176,936.606

Recent Developments Fueling DOGE's Rise:

• Elon Musk's Hint at X Payment: Speculations are rife that the CEO of Tesla and SpaceX may integrate DOGE into his upcoming X app for payments, providing a significant catalyst for its rally.
• Strong Bullish Momentum: DOGE has demonstrated bullish strength in recent weeks, consolidating above the $0.35 support level and defying bearish expectations.
• Positive Sentiment: The cryptocurrency community remains optimistic about DOGE's long-term potential, with analysts predicting further gains in the future.

Market Sentiment and Prognosis:

The overall market sentiment for DOGE remains positive, with retail investors expressing enthusiasm for its potential and institutional investors showing increasing interest. Analysts believe that DOGE's ascent could continue in the short term, with a target price of $0.45. However, they caution that it is essential to exercise caution and monitor market developments closely.