The latest price of Dogecoin at 09:00 on January 23, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of January 23, 2025, 08:00 am, the latest price of Dogecoin (DOGE) is $0.36058831311524, with a 24-hour trading volume of $2,893,622,426.5054. Dogecoin's price has declined by -2.75074369% in the past 24 hours.

Key Metrics

• Bitcoin's circulating supply: 14,773,551,6383.71 DOGE
• Dogecoin's maximum supply: Unlimited
• Dogecoin's total supply: 14,773,551,6383.71 DOGE
• Dogecoin's market cap: $5,327,170,0640.009

Insights

Dogecoin is a peer-to-peer cryptocurrency that was originally created as a joke in 2013. However, it has since gained significant popularity and has become one of the most traded cryptocurrencies in the world.

The recent price decline of Dogecoin is likely due to a combination of factors, including:

• The overall bearish sentiment in the cryptocurrency market
• Profit-taking by investors who bought Dogecoin at lower prices
• Concerns about the long-term viability of Dogecoin due to its unlimited supply

Despite the recent price decline, Dogecoin remains a popular cryptocurrency among retail investors. Its strong community and unique branding have helped it weather previous market downturns.

Outlook

The future of Dogecoin is uncertain. While it has shown signs of resilience in the past, it is still susceptible to market volatility and the overall sentiment in the cryptocurrency space.

Some analysts believe that Dogecoin has the potential to reach higher prices in the long term, while others are more cautious about its prospects. Ultimately, the price of Dogecoin will depend on a variety of factors, including its adoption, regulatory developments, and overall market conditions.