The latest price of Dogecoin at 04:00 on January 12, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: Surge in Value

As of January 12, 2025, 04:00 AM, the latest price of Dogecoin (DOGE) stands at $0.33889548648469. The coin has experienced significant growth over the past 24 hours, with a rise of 1.72825301%. This surge in value has pushed Dogecoin's valuation beyond the $0.30 mark.

The 24-hour trading volume of DOGE has also seen a remarkable increase, reaching a staggering $1270942571.9205. This indicates a high level of market activity and liquidity surrounding the digital currency.

Key Metrics:

• Bitcoin's circulating supply: 147583196383.71
• Dogecoin's circulating supply: 147583196383.71
• Dogecoin's max supply: Unknown
• Total supply: 147583196383.71
• Market capitalization: $50015279135.421

Factors Influencing Dogecoin's Price:

The recent surge in DOGE's value can be attributed to several factors, including:

• Favorable market conditions: The broader cryptocurrency market has witnessed positive momentum, boosting sentiment towards DOGE.
• Increased social media buzz: Elon Musk, a prominent supporter of DOGE, has actively tweeted about the coin, attracting attention and interest.
• Adoption by businesses: DOGE is gradually gaining recognition as a legitimate payment method by businesses and retail outlets.

Conclusion:

Dogecoin's recent price surge highlights its potential as a speculative investment. The coin's value has grown substantially in the past year, and it remains to be seen whether it can sustain its upward trajectory. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.