The latest price of Dogecoin at 03:00 on January 15, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Experiences Price Surge

As of January 15, 2025, 03:00 UTC, the live price of Dogecoin (DOGE) stands at $0.36025886913351, with a 24-hour trading volume of $333,204,710,782.75. The cryptocurrency has witnessed a significant rise of 11.92157776% in the past 24 hours.

Circulation and Supply

The circulating supply of Dogecoin is 147,623,096,383.71, while the maximum supply and total supply are both unknown. The circulating market capitalization of DOGE is $53,182,529,761.181.

Background

Dogecoin, created in 2013, is a peer-to-peer, decentralized cryptocurrency that features a dog mascot based on the popular "doge" meme. DOGE was initially launched as a lighthearted alternative to Bitcoin and has since gained significant popularity among cryptocurrency enthusiasts.

Factors Influencing Price Surge

Several factors are contributing to the current price surge in Dogecoin:

• Increased Social Media Activity: Dogecoin has seen a surge in mentions on social media platforms, particularly after Elon Musk's recent endorsements.
• Retail Investor Interest: Small-scale investors are showing renewed interest in DOGE as it offers relatively lower transaction costs compared to other large-cap cryptocurrencies.
• Market Sentiment: Overall market sentiment toward cryptocurrencies is positive, with Bitcoin and other major cryptos experiencing gains. This positive sentiment has spilled over to DOGE as well.
• Speculation and FOMO: Some investors are buying DOGE based on speculation of future gains, driven by the fear of missing out (FOMO).

Conclusion

Dogecoin's price surge has demonstrated the continued interest and volatility in the cryptocurrency market. While DOGE's long-term prospects remain uncertain, its recent performance indicates the potential for significant price fluctuations in the near future.