The latest price of Dogecoin at 06:00 on January 6, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of January 6, 2025, 06:00 UTC, the live price of Dogecoin (DOGE) stands at $0.38276369955719. The 24-hour trading volume for DOGE is $2848127678.8707, indicating a moderate level of trading activity. Over the past 24 hours, the price of Dogecoin has fluctuated, experiencing a decline of -1.88520535%.

Key Market Statistics:

• Circulating Supply: 147,502,266,383.71 DOGE
• Maximum Supply: Unlimited (not applicable)
• Total Supply: 147,502,266,383.71 DOGE
• Market Capitalization: $56.46 billion

Factors Influencing DOGE Price:

Dogecoin's price is driven by various factors, including:

• Market sentiment: Speculative buying and selling can impact the price of DOGE significantly. Positive news or developments can boost demand, while negative events can trigger sell-offs.
• Social media hype: Dogecoin has a strong community of supporters on social media, and social media sentiments can influence its price.
• Elon Musk's endorsements: Tesla and SpaceX CEO Elon Musk has publicly endorsed Dogecoin, which has led to increased interest and investment in the cryptocurrency.
• Competition from other altcoins: The cryptocurrency market is highly competitive, and the performance of other altcoins, such as Shiba Inu and Ethereum, can impact the demand for DOGE.
• Global economic conditions: Macroeconomic factors, such as inflation and interest rate changes, can also affect the overall sentiment in the cryptocurrency market and indirectly impact the price of DOGE.