(24-hour Dogecoin price trend)

Dogecoin: A Comprehensive Analysis as of February 22, 2025

Introduction

Dogecoin (DOGE), a cryptocurrency inspired by the popular internet meme "doge," has gained significant traction in recent months. As of February 22, 2025, 19:00 UTC, DOGE's price stands at $0.24428698959368, with a 24-hour trading volume of $2036069091.0859.

Historical Performance

Over the past 24 hours, DOGE has experienced a 4.34527487% decline in price. This fluctuation reflects the inherent volatility associated with cryptocurrency markets. Despite short-term price movements, DOGE has demonstrated sustained growth over a broader time frame.

Supply and Distribution

The total supply of DOGE is 148,151,066,383.71, out of which 148,151,066,383.71 DOGEs are currently in circulation. This indicates that the majority of DOGE's supply is available for trading. The maximum supply of DOGE is undefined, which implies that new coins can be created over time.

Market Value

The current market value of DOGE is estimated to be $36,191,378,011.969. This calculation is obtained by multiplying the circulating supply with the current price. The market value of DOGE fluctuates based on demand and supply dynamics.

Conclusion

Dogecoin has become a prominent force in the cryptocurrency landscape. While it may experience market volatility, its intrinsic value and potential for growth make it an attractive proposition for investors seeking diversification or exposure to the growing decentralized finance sector. As the cryptocurrency market evolves, it remains to be seen how DOGE will continue to navigate the ever-changing landscape.