The latest price of Dogecoin at 04:00 on January 15, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of January 15, 2025, 04:00 AM UTC, the latest price of Dogecoin (DOGE) stands at $0.35434882894109. Over the past 24 hours, the coin has witnessed a surge in trading volume, amounting to $3322788354.2112. Notably, DOGE has experienced a significant price increase of 8.94490237% within the same timeframe.

Key Statistics

• Circulating Supply: 147,623,886,383.71
• Maximum Supply: Infinite
• Total Supply: 147,623,886,383.71
• Market Capitalization: $52,310,351,263.799

Analysis

The recent rise in DOGE's price suggests a positive outlook for the cryptocurrency. This surge in value could be attributed to several factors, including increased demand, positive news, and market sentiment. However, it's important to note that the cryptocurrency market remains volatile, and future price movements can fluctuate significantly.

DOGE's circulating supply remains constant, while its maximum and total supply are deemed infinite, indicating that new coins can be continuously created. This aspect distinguishes DOGE from Bitcoin, which has a limited supply.

Conclusion

The current upward trend in DOGE's price presents an optimistic outlook for the cryptocurrency. The combination of increased trading volume and a substantial price gain signals potential growth and adoption. However, investors are advised to approach cryptocurrency investments cautiously, understanding the inherent risks involved in the volatile market.