The latest price of Dogecoin, January 24, 2025 at 09:00

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Current and Future Market Outlook

24 January 2025, 08:00 AM UTC

Summary

As of January 24, 2025, Dogecoin (DOGE) is trading at $0.34782103489942 with a 24-hour trading volume of $3068008649.424. DOGE's price has depreciated by -3.50467307% over the past 24 hours.

Market Fundamentals

• Circulating Supply: 147749126383.71 DOGE (locked wallet addresses excluded)
• Total Supply: 147749126383.71 DOGE
• Market Capitalization: $51390254044.265

Price Performance

Dogecoin's price has exhibited a volatile performance in the past year. It surged to an all-time high of $0.74 in May 2021, driven by social media hype and speculative trading. However, the price has since declined significantly, reflecting broader market conditions and investor skepticism.

Future Outlook

The future outlook for Dogecoin is uncertain. The cryptocurrency's value is highly influenced by social media sentiment and external factors such as tweets from Elon Musk. While some analysts believe DOGE could potentially rally again, others express concerns about its long-term sustainability due to its lack of underlying technological innovation.

Disclaimer

This price analysis is based on publicly available information and should not be construed as financial advice. Investors should conduct their due diligence before making any investment decisions.