The latest price of Dogecoin at 03:00 on January 24, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of January 24, 2025, at 02:00 UTC, the price of Dogecoin (DOGE) stands at $0.3512477519285. This represents a decline of -2.34168333% over the past 24 hours.

Trading Volume and Supply

The 24-hour trading volume for DOGE is reported as $3004413489.9799, indicating a high level of activity in the cryptocurrency market.

Dogecoin has a circulating supply of 147745786383.71 DOGE, with a maximum supply of N/A and a total supply of 147745786383.71 DOGE.

Market Capitalization

The market capitalization of Dogecoin is currently $51895375324.185. This places DOGE as the 10th largest cryptocurrency by market capitalization.

Bitcoin Correlation

The price of DOGE has a strong correlation with the price of Bitcoin (BTC). As BTC's price fluctuates, so too does the price of DOGE. However, the correlation has weakened in recent months, suggesting that DOGE is becoming more independent in its price action.

Recent News and Developments

Dogecoin has been receiving significant attention in the cryptocurrency community due to its recent listing on major exchanges such as Coinbase and Binance. Additionally, Elon Musk, the CEO of Tesla and SpaceX, has been a vocal supporter of DOGE, which has contributed to its rising popularity.

Conclusion

Dogecoin remains a popular and widely traded cryptocurrency. Its price is influenced by a combination of factors, including trading volume, supply and demand, market sentiment, and external events. While DOGE has experienced recent volatility, its long-term prospects depend on its ability to establish itself as a legitimate store of value and payment solution.