(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of February 23, 2025, 03:00 UTC, the latest price of Dogecoin (DOGE) stands at $0.24689965402728. Over the past 24 hours, DOGE has witnessed a significant surge in its value, experiencing a 2.85153676% rise.

Key Metrics

• Current Price: $0.24689965402728
• 24-Hour Trading Volume: $1257925267.6132
• Price Change in 24 Hours: +2.85153676%
• Circulating Supply: 148155586383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 148155586383.71 DOGE
• Market Capitalization: $36579563020.345

Comparison and Market Outlook

Dogecoin's circulating supply of 148155586383.71 is significantly higher than the majority of other cryptocurrencies. However, the coin's popularity among retail investors and active community support continue to drive its value.

In the broader cryptocurrency market, Bitcoin (BTC) remains dominant with a market capitalization of over $1 trillion. The recent rise in DOGE's price could indicate a more positive market sentiment towards alternative cryptocurrencies known as "altcoins."

Future Prospects

The long-term prospects for Dogecoin remain uncertain. However, the coin's strong community support and the rise in its value suggest that it has the potential to continue growing. Factors to watch that could impact DOGE's price include regulatory changes, adoption by mainstream businesses, and the overall market conditions.

Disclaimer

This analysis is for informational purposes only and should not be considered investment advice. Cryptocurrency prices can fluctuate significantly, and investors should always conduct their own research and consult with qualified professionals before making any investment decisions.