(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of January 29, 2025, 5:00 AM, the current price of Dogecoin (DOGE) stands at $0.31815840264621. The 24-hour trading volume for DOGE is $1927325701.4293. Over the last 24 hours, the price of DOGE has decreased by 3.45444533%.
Key Statistics
| Metric | Value |
|---|---|
| Circulating Supply | 147,815,486,383.71 |
| Maximum Supply | N/A |
| Total Supply | 147,815,486,383.71 |
| Market Capitalization | $47,028,739,034.212 |
Overview
Dogecoin, a popular meme-inspired cryptocurrency, experienced a significant decline in its value over the past 24 hours. Despite its initial surge in popularity in 2021, DOGE's price has faced market fluctuations in recent times.
The decline in DOGE's price can be attributed to several factors, including:
- Negative market sentiment in the broader cryptocurrency market
- Concerns about the sustainability of meme coins
- Increased regulatory scrutiny of the cryptocurrency industry
However, it's important to note that Dogecoin's price has historically exhibited volatility and has rebounded from previous dips. Investors should conduct thorough research and assess market conditions before making any investment decisions.
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