The latest price of Dogecoin at 20:00 on January 9, 2025

(24-hour Dogecoin price trend)

Dogecoin's Price Movement: A Mixed Performance

As of January 9th, 2025, 8:00 PM UTC, Dogecoin (DOGE) stands at $0.33165407763638, with a daily trading volume of $3995391468.7637. The cryptocurrency has experienced a 24-hour price decline of -4.08691008%.

Dogecoin's circulating supply amounts to 147551356383.71, with no maximum supply and a total supply of 147551356383.71. Its circulating market cap currently stands at $48936009005.435.

Mixed Performance

According to Cream Girl, a reputable Chinese cryptocurrency publication, Dogecoin's price performance has been a mixed bag recently. After briefly surging to $0.38641, DOGE witnessed a decline of -1.23% following recent gains.

Factors Influencing Price

The factors influencing Dogecoin's price movement are varied and complex. Some of the key influences include:

• Market sentiment: Dogecoin's price is heavily influenced by market sentiment, which can be driven by news, events, and social media hype.
• Whale activity: Large-scale investors, known as whales, can significantly impact the price by buying or selling large amounts of DOGE.
• Competition: Dogecoin faces stiff competition from other cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin.
• Adoption: Increased adoption and usage of Dogecoin as a payment method can boost its value.

Conclusion

Dogecoin's price performance has been characterized by volatility, with recent declines following a period of gains. The cryptocurrency's price is influenced by various factors, including market sentiment, whale activity, competition, and adoption. While the future of Dogecoin remains uncertain, its popularity and community support continue to attract attention from investors and traders.