Dogecoin (DOGE) Plunges as Bitcoin Concerns Spark Market Weakness

Dogecoin (Doge)은 비트 코인이 스파크 시장 약점과 관련이있을 때 급락합니다

As of February 6th, 2025, 11:00 PM ET, Dogecoin (DOGE) is trading at $0.24882131374028, a 5.46393474% decline in the past 24 hours. The recent sell-off in the digital asset market, largely driven by concerns surrounding Bitcoin (BTC), has dragged Doge and other altcoins down.

2025 년 2 월 6 일, 오후 11시 ET ET, Dogecoin (Doge)은 지난 24 시간 동안 5.46393474% 감소한 $ 0.24882131374028로 거래됩니다. 최근 비트 코인 (BTC)을 둘러싼 우려에 의해 주도되는 디지털 자산 시장에서의 최근 매각으로 인해 Doge와 다른 Altcoins를 끌어 올렸습니다.

Significant Price Drop

상당한 가격 하락

The latest price action marks a significant drop for Doge, which soared to all-time highs of over $0.70 in May of 2021. Since then, it has retraced a substantial portion of its gains, hovering around the $0.25 mark for most of 2024.

최신 가격 행동은 2021 년 5 월에 0.70 달러 이상의 사상 최고치로 급증했다. 그 이후로, 이는 2024 년 대부분의 0.25 달러에 달하는 이익의 상당 부분을 상환했다.

Market Cap and Supply

시가 총액 및 공급

The circulating supply of Doge currently stands at 147,934,746,383.71, with a total supply and maximum supply both unknown. With a circulating market cap of $36,809,317,943.029, Doge remains one of the largest altcoins by market capitalization.

The circulating supply of Doge currently stands at 147,934,746,383.71, with a total supply and maximum supply both unknown. With a circulating market cap of $36,809,317,943.029, Doge remains one of the largest altcoins by market capitalization.

Elon Musk's Continued Involvement

Elon Musk's Continued Involvement

Elon Musk, the CEO of Tesla and SpaceX, has remained a vocal supporter of Doge. Recently, he hinted at the possibility of integrating Doge payments into Twitter, the social media platform he acquired in 2022. However, it remains unclear whether Musk's intentions for Doge extend beyond occasional tweets and public statements.

Tesla와 SpaceX의 CEO 인 Elon Musk는 Doge의 보컬 지지자로 남아있었습니다. 최근 그는 2022 년에 인수 한 소셜 미디어 플랫폼 인 Twitter에 Doge 지불을 통합 할 가능성을 암시했지만, Doge에 대한 Musk의 의도가 가끔 트윗과 공개 성명을 넘어 확장되는지 여부는 여전히 불분명합니다.

Outlook for Altcoins

altcoins에 대한 전망

The current market weakness raises concerns about the future of altcoins in general. As Bitcoin continues to fluctuate, altcoins often follow suit due to their correlation. Some analysts are predicting further downturns in the altcoin sector as the market adjusts to evolving macroeconomic conditions and concerns about the sustainability of the cryptocurrency rally.

The current market weakness raises concerns about the future of altcoins in general. As Bitcoin continues to fluctuate, altcoins often follow suit due to their correlation. Some analysts are predicting further downturns in the altcoin sector as the market adjusts to evolving macroeconomic conditions and concerns about the sustainability of the cryptocurrency rally.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is essential to conduct thorough research and consult with financial professionals before making any investment decisions.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is essential to conduct thorough research and consult with financial professionals before making any investment decisions.