(24-hour Dogecoin price trend)

Dogecoin (DOGE) Holds Steady Amidst Market Uncertainty

As of February 21, 2025, 09:00 UTC, the current price of Dogecoin (DOGE) stands at $0.25374109899212. Over the past 24 hours, the cryptocurrency has experienced a slight decline of -0.28343584%.

Within the same time frame, DOGE's trading volume has been modest, amounting to $1104088615.7349. This suggests that the market for Dogecoin remains relatively stable.

The current circulating supply of Dogecoin stands at 148131676383.71 DOGE, with no disclosed maximum or total supply. This potentially unlimited supply could impact the long-term value of the cryptocurrency.

Despite its decentralized nature, Dogecoin's price has historically exhibited a strong correlation to movements in the broader cryptocurrency market, particularly Bitcoin (BTC). BTC's own recent volatility may be contributing to the current fluctuations in Dogecoin's value.

Retail investors continue to express enthusiasm for Dogecoin due to its accessible price point and its association with the Shiba Inu meme. However, institutional adoption of DOGE remains limited, which could restrict its future growth prospects.

As with any cryptocurrency investment, it is crucial to approach Dogecoin with due diligence. Investors should carefully consider the potential risks and rewards before allocating any funds. Market volatility, regulatory changes, and the speculative nature of cryptocurrencies all pose potential threats to capital invested in DOGE.