(24-hour Dogecoin price trend)

Dogecoin (DOGE) Trades at $0.2369, Witnessing a 6.35% Decline

February 22, 2025, 05:00 UTC

Dogecoin (DOGE), the popular meme cryptocurrency, is currently trading at $0.23693658787365, marking a decline of -6.35240037% in the last 24 hours. The 24-hour trading volume for DOGE stands at $1,879,163,970.54.

Key Metrics:

• Current Price: $0.23693658787365
• 24-Hour Trading Volume: $1,879,163,970.54
• 24-Hour Price Change: -6.35240037%
• Current Market Cap: $35,100,467,648.142
• Circulating Supply: 148,142,876,383.71 DOGE
• Max Supply: N/A
• Total Supply: 148,142,876,383.71 DOGE

Market Analysis:

Dogecoin's price has been in a downward trend in recent days. The cryptocurrency has lost over 10% of its value in the past week alone. The decline may be attributed to ongoing macroeconomic uncertainties and the overall bearish sentiment in the crypto market.

Despite the recent price drop, Dogecoin remains one of the most popular cryptocurrencies among retail investors. The cryptocurrency's association with Elon Musk and its strong community support continue to provide it with a certain level of resilience.

Outlook:

It is difficult to predict the future price of Dogecoin. The cryptocurrency market is highly volatile, and DOGE's price is subject to a wide range of factors. However, based on current market conditions and historical trends, it is possible that DOGE could continue to trade below its recent highs in the short term.