The latest price of Dogecoin at 23:00 on January 20, 2025

(24-hour Dogecoin price trend)

Dogecoin Price Today

As of January 19, 2025, at 10:00 PM, Dogecoin (DOGE) is valued at $0.37397698174915. This represents a 2.9766384% decline in price over the last 24 hours.

Key Dogecoin Metrics

• Circulating Supply: 147,702,526,383.71
• Max Supply: N/A
• Total Supply: 147,702,526,383.71
• Market Cap: $55,237,345,013.702

About Dogecoin

Dogecoin is a decentralized, open-source cryptocurrency that was created as a joke in 2013. It is based on the popular Shiba Inu dog meme and features the image of the dog on its logo. Despite its humorous origins, Dogecoin has gained a significant following and is now considered a legitimate cryptocurrency.

Market Performance

Over the past year, Dogecoin has experienced significant price fluctuations. In early 2021, the cryptocurrency saw a meteoric rise in value, briefly surpassing $0.7. However, the price has since stabilized and has been hovering around the $0.35-$0.4 range for several months.

Key Factors Influencing DOGE Price

• Market Sentiment: Dogecoin's price is highly influenced by market sentiment and public perception. Positive news and events can lead to price increases, while negative sentiment can drive prices down.
• Elon Musk's Endorsement: Elon Musk, the CEO of Tesla and SpaceX, is a vocal supporter of Dogecoin. His tweets and endorsements have often had a significant impact on the cryptocurrency's price.
• Cryptocurrency Market Conditions: The overall cryptocurrency market conditions also affect Dogecoin's price. If the crypto market is bullish, Dogecoin's price is likely to rise. Conversely, if the market is bearish, Dogecoin's price may fall.

Conclusion

Dogecoin remains a popular and volatile cryptocurrency. While its future price performance is uncertain, it continues to attract attention from investors and enthusiasts alike. Keep a close eye on the market and stay informed of relevant news to make informed decisions about investing in Dogecoin.