The latest price of Dogecoin at 22:00 on February 03, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Forecast

As of February 3, 2025, 10:00 PM, Dogecoin (DOGE) is trading at $0.24304569418362. This represents a 24-hour trading volume of $11,007,164,280.414. Over the past day, DOGE has experienced a significant price decline of -18.5854323%.

Key Statistics

• Circulating supply: 147,892,886,383.71
• Maximum supply: Unlimited
• Total supply: 147,892,886,383.71
• Market capitalization: $35,944,729,235.947

Price Comparison

At the time of writing, DOGE is trading approximately 89.39% lower than its all-time high of $0.7376 set on May 8, 2021.

Market Factors

The recent price drop in DOGE can be attributed to the following factors:

• Broader market sell-off: The entire cryptocurrency market has been experiencing a downturn in recent weeks, with most major cryptocurrencies experiencing declines.
• Negative news surrounding Twitter: DOGE has been closely associated with Twitter CEO Elon Musk, who initially supported the cryptocurrency but has since become more critical of it. Recent reports of Twitter's financial struggles may have dampened investor sentiment in DOGE.
• Regulatory uncertainty: Ongoing regulatory scrutiny of the cryptocurrency industry has created uncertainty among investors, leading them to reduce their exposure to DOGE.

Market Outlook

The future price trajectory of DOGE remains uncertain. However, some analysts believe that DOGE may have the potential to regain value in the long term due to its widespread recognition and Elon Musk's continued involvement.

Disclaimer: This price forecast is based on market conditions and publicly available information as of February 3, 2025. Cryptocurrency prices can be highly volatile, and investors should always conduct their own research before making any investment decisions.