The latest price of Dogecoin at 07:00 on January 9, 2025

(24-hour Dogecoin price trend)

Dogecoin: A Detailed Price Analysis (As of January 9, 2025)

As of 7:00 AM UTC on January 9, 2025, the current price of Dogecoin (DOGE) stands at $0.34289655093615. Over the past 24 hours, DOGE has experienced a price fluctuation of -2.34686585%.

Trading Volume and Market Cap

The trading volume for DOGE during the last 24 hours has been recorded at $444,832,992,279.41. This indicates a significant level of liquidity in the market.

Dogecoin's circulating supply currently stands at 147,543,926,383.71 DOGE. The maximum supply and total supply are both unknown.

Market Valuation

The current market capitalization of DOGE is estimated to be $50,592,303,468.55. This places DOGE among the top cryptocurrencies in terms of market value.

Additional Insights

• Bitcoin (BTC) correlation: The price of Bitcoin (BTC), the leading cryptocurrency, often influences the market prices of other cryptocurrencies, including Dogecoin.
• Dogecoin's unique value: While Dogecoin originated as a meme coin, it has gained widespread popularity and acceptance as a payment method and investment asset.
• Community support: DOGE has a large and active community of supporters, which contributes to its stability and value.

Conclusion

Dogecoin has come a long way from its humble beginnings as a joke cryptocurrency. Today, it is a well-established and actively traded digital asset. Its price is influenced by a variety of factors, including trading volume, market conditions, and community support. While the price of DOGE can be volatile, its long-term prospects remain positive.