The latest price of Dogecoin at 07, January 29, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price, Supply, and Market Volatility

As of January 29, 2025, at 07:00 UTC, Dogecoin (DOGE) is priced at $0.31860431651945. Over the past 24 hours, its trading volume has reached $1,998,285,784.2734, reflecting a decrease of -3.76828087% in price.

Supply and Issuance

The current circulating supply of DOGE is 147,816,346,383.71. The maximum supply and total supply are both the same, indicating that there is no restriction on the issuance of new DOGE coins.

Market Capitalization

The market capitalization of Dogecoin is $47,094,926,009.982. This value represents the total market value of all DOGE coins in circulation.

Volatility and Market Movements

Dogecoin has experienced significant volatility in its price history. It achieved mainstream attention in 2021 due to a surge in popularity driven by social media hype and celebrity endorsements. However, its value has since fluctuated significantly.

Factors Influencing Price

Several factors can influence the price of DOGE, including:

• Speculation and Hype: Social media trends, celebrity involvement, and market sentiment can all affect short-term price fluctuations.
• Supply and Demand Dynamics: The issuance rate and the number of DOGE coins in circulation impact supply and demand.
• Market Conditions: Broader economic conditions, regulatory changes, and global events can influence cryptocurrency markets.
• Adoption and Use Cases: The adoption of DOGE for payments, transactions, and other use cases can boost its demand.
• Competition: Other cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), may compete for investors' attention and influence the price of DOGE.

Note:

The information provided in this article is for general informational purposes only and does not constitute financial advice. It is recommended to conduct thorough research and consult with financial professionals before making any investment decisions.