The latest price of Dogecoin at 21:00 on January 7, 2025

(24-hour Dogecoin price trend)

Dogecoin's Rise and the Impact of Meme Coins

As of January 7, 2025, at 9 PM, the price of Dogecoin (DOGE) stood at $0.38599681692028. The 24-hour trading volume reached $3105451581.7143, indicating a significant increase in activity. Over the past 24 hours, DOGE's value surged by 0.14297858%.

Market Overview

The circulating supply of DOGE currently stands at 147524296383.71. The maximum supply remains unspecified, while the total supply is equivalent to the circulating supply. This gives DOGE a market capitalization of approximately $56943908822.513.

2025 Market Outlook

Analysts are optimistic about the future trajectory of Dogecoin. Many believe that DOGE has the potential to surpass the $1 threshold in 2025. Several factors contribute to this bullish sentiment:

• Growing acceptance as a payment method by merchants
• Strong community support
• Speculative interest fueled by its meme-based status

The Rise of Pepe Coin

In recent weeks, Pepe Coin (PEPE) has emerged as a formidable challenger to DOGE and Shiba Inu (SHIB). PEPE Coin draws inspiration from the popular Pepe the Frog meme. Its rapid rise has sparked speculation about its potential to displace DOGE and SHIB as the dominant meme coin.

Behind the Surge: A 20% Increase

DOGE's recent 20% surge is attributed to:

• Renewed interest in meme coins
• Whales accumulating DOGE
• Rumors of a partnership with a major payment processor

Conclusion

Dogecoin continues to make waves in the cryptocurrency market. With strong community support, growing acceptance, and the potential impact of meme coins, DOGE's future looks bright. While Pepe Coin presents a potential threat, it remains to be seen whether it can dethrone DOGE from its position as the leading meme-based cryptocurrency.