The latest price of Dogecoin at 09:00 on January 6, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Experiences Price Drop

As of January 6, 2025, 9:00 AM, the latest price of Dogecoin (DOGE) stands at $0.37929380421515. Over the past 24 hours, the trading volume has reached $2527280714.0925. However, DOGE has experienced a price decline of -3.44328227% during this period.

Key Metrics

• Circulating Supply: 147503976383.71
• Maximum Supply: Not applicable
• Total Supply: 147503976383.71
• Market Capitalization: $55947344339.437

Analysis

Since its inception, Dogecoin has gained significant attention and popularity. Its value is often influenced by market sentiment, social media chatter, and the broader cryptocurrency market trends.

The recent price drop in DOGE could be attributed to several factors, including:

• Profit-taking: After a period of sustained growth, some investors may have chosen to sell their DOGE holdings to realize profits.
• Market correction: The overall cryptocurrency market has been experiencing a slight correction in recent days, which could have impacted DOGE's price.
• Competition: Dogecoin faces competition from other meme coins, such as Shiba Inu Coin (SHIB), which have gained traction in the market.

Outlook

The future price trajectory of Dogecoin is uncertain. While it has a strong community and potential utility, it is important to approach any investment with caution. Investors should conduct thorough research, consider market conditions, and diversify their portfolios.

It is also worth noting that DOGE is a highly volatile asset, and its price can fluctuate significantly over short periods. Investors should only invest what they are comfortable losing.