(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Update
As of January 21, 2025, 03:00 AM, the latest Dogecoin (DOGE) price stands at $0.3622366494725. Over the past 24 hours, it has experienced a 7.58498419% decrease, bringing its daily trading volume to $10,768,258,507.74.
Key Statistics
- Circulating supply: 147,704,806,383.71
- Maximum supply: Unlimited
- Total supply: 147,704,806,383.71
- Market capitalization: $53,504,094,175.417
Understanding Dogecoin
Dogecoin is a peer-to-peer decentralized cryptocurrency that was created in 2013 as a satirical take on Bitcoin. It features a Shiba Inu as its mascot and has gained popularity due to its association with online communities and celebrities.
Unlike Bitcoin, Dogecoin does not have a limited supply, and new coins are constantly being mined. This has contributed to its lower value compared to other cryptocurrencies.
Market Trends
The price of Dogecoin has been volatile in recent months, but it has generally trended upwards over the long term. Factors influencing its price include market sentiment, news events, and the overall performance of the cryptocurrency market.
Conclusion
Dogecoin remains a popular and widely-traded cryptocurrency. Its unique characteristics and strong community support have contributed to its growth and adoption. Investors should note the risks associated with cryptocurrency investments and conduct thorough research before making any decisions.