The latest price of Dogecoin at 07:00 on January 4, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges 12%, Price Reaches $0.38

As of January 4, 2025, 07:00 UTC, the price of Dogecoin (DOGE) stands at $0.38132288580286, reflecting an impressive 12.80640129% surge in value over the past 24 hours. This surge has been accompanied by a robust trading volume of $4736061145.2544, a testament to the increasing interest in the cryptocurrency.

Key Metrics:

• Current Price: $0.38132288580286
• 24-Hour Trading Volume: $4736061145.2544
• 24-Hour Price Change: +12.80640129%
• Circulating Supply: 147,475,786,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,475,786,383.71 DOGE
• Market Capitalization: $56,235,892,449.881

Analyst Insights:

The recent surge in Dogecoin's price can be attributed to several factors:

• Increased Speculation: Dogecoin has gained traction as a speculative investment, particularly among retail traders.
• Elon Musk's Support: DOGE has benefited from the vocal support of Tesla and SpaceX CEO Elon Musk, who has frequently promoted the coin on social media.
• Adoption Growth: The cryptocurrency is gaining acceptance as a payment option by an increasing number of merchants.

Future Outlook:

Analysts are cautiously optimistic about Dogecoin's future prospects. While it remains a relatively volatile cryptocurrency, its growing popularity and increasing adoption could support its continued rise in value. However, investors are advised to exercise caution and conduct thorough research before making any investment decisions.