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Dogecoin Price Slumps Amidst Bitcoin Plunge

Dogecoin Price Slumps Amidst Bitcoin Plunge

February 6, 2025, 13:00 PST

6 février 2025, 13h00 PST

The latest price of Dogecoin (DOGE) stands at $0.2615, with a 24-hour trading volume of $1,716,796,981.61. DOGE has experienced a notable decline in value, losing 0.65019446% in the past 24 hours.

The latest price of Dogecoin (DOGE) stands at $0.2615, with a 24-hour trading volume of $1,716,796,981.61. DOGE has experienced a notable decline in value, losing 0.65019446% in the past 24 hours.

Dogecoin's circulating supply remains at 147,928,706,383.71, with no maximum supply. The total supply also stands at 147,928,706,383.71, leading to a circulating market capitalization of $3,868,474,2029.51.

L'offre de circulation de Dogecoin reste à 147 928 706 383,71, sans alimentation maximale. L'offre totale s'élève également à 147 928 706 383,71, conduisant à une capitalisation boursière circulante de 3 868 474 2029,51 $.

Market Commentary

Market Commentary

The recent plunge in Bitcoin's price has had a ripple effect on the cryptocurrency market, including Dogecoin. Bitcoin's decline has sparked concerns about further downward pressure on the price of altcoins like DOGE.

Le récent plongeon du prix de Bitcoin a eu un effet d'entraînement sur le marché des crypto-monnaies, y compris Dogecoin. Le déclin de Bitcoin a suscité des préoccupations quant à la pression de la baisse sur le prix des altcoins comme Doge.

Analysts are divided on the future of DOGE in the wake of this downturn. Some believe that the coin's close association with Elon Musk, who has tweeted support for DOGE in the past, could provide some support against the bearish trend.

Les analystes sont divisés sur l'avenir de Doge à la suite de ce ralentissement. Certains croient que l'association étroite de la pièce avec Elon Musk, qui a tweeté le soutien à Doge dans le passé, pourrait apporter un soutien à la tendance baissière.

However, others argue that DOGE lacks fundamental value and may continue to suffer from volatility as long as its price remains largely driven by sentiment and momentum.

However, others argue that DOGE lacks fundamental value and may continue to suffer from volatility as long as its price remains largely driven by sentiment and momentum.

Alternative Memecoins

Memecoins alternatifs

Despite the recent setbacks, Dogecoin remains one of the most popular memecoins in the market. However, it faces competition from other rising stars in this space, such as Pepe Inu (PEPE) and Shiba Inu (SHIB).

Malgré les récentes revers, Dogecoin reste l'une des Memecoins les plus populaires du marché. Cependant, il fait face à la concurrence d'autres étoiles montantes dans cet espace, comme Pepe Inu (Pepe) et Shiba Inu (Shib).

Pepe Inu has surged in popularity recently, attracting investors with its branding and loyalty program. Shiba Inu, on the other hand, has a loyal fanbase and a steadily growing ecosystem.

Pepe INU a récemment augmenté en popularité, attirant les investisseurs avec son programme de marque et de fidélité. Shiba Inu, en revanche, a une base de fans fidèle et un écosystème en croissance constante.

It remains to be seen whether these alternative memecoins can challenge Dogecoin's dominance in the future. As with all memecoins, their value primarily relies on hype and social media sentiment, leaving them vulnerable to sudden fluctuations.

Il reste à voir si ces memecoins alternatifs peuvent défier la domination de Dogecoin à l'avenir. Comme pour toutes les mecoins, leur valeur repose principalement sur le battage médiatique et le sentiment des médias sociaux, les laissant vulnérables aux fluctuations soudaines.