(24-hour Dogecoin price trend)
Dogecoin Surges to Higher Ground
As of January 14, 2025, 9:00 PM UTC, the price of Dogecoin (DOGE) stands at $0.34796535431766. This represents an impressive 9.61087472% increase in value over the past 24 hours. The coin's 24-hour trading volume sits at a substantial $3666105771.9907.
At present, Bitcoin dominates the cryptocurrency market with a circulating supply of 147619736383.71, while Dogecoin's current supply is 147619736383.71. The latter's total supply remains unknown. Consequently, Dogecoin's circulating market capitalization amounts to $51366553875.036.
Market Sentiment and News
Market analysis indicates that Dogecoin has maintained its position as the third-largest cryptocurrency by market capitalization. This recent surge in price may be attributed to a combination of factors, including:
- Trump's Potential Support: Former US President Donald Trump has expressed positive sentiments toward DOGE, which has sparked speculation that a potential endorsement could fuel further growth.
- Market Optimism: The broader cryptocurrency market is experiencing a resurgence, with Bitcoin nearing $95,000. This positive sentiment has spilled over into other altcoins, including Dogecoin.
- Retail Investor Interest: Data suggests that retail investors are increasingly flocking to Dogecoin, recognizing its potential for significant returns.