(24-hour Dogecoin price trend)

Dogecoin Soars to $1, Led by Retail Investors

On February 24, 2025, at 6:00 PM, Dogecoin (DOGE) was trading at $0.2297455385876, with a 24-hour trading volume of $1,294,530,925.5665. Dogecoin's price has increased by -6.27979304% in the past 24 hours. The circulating supply of Dogecoin is 148,177,736,383.71, with a maximum supply of , and a total supply of 148,177,736,383.71. The circulating market capitalization of Dogecoin is $34,043,173,852.166.

Retail Investors Drive Dogecoin Rally

The recent surge in Dogecoin's price has been attributed to increased buying pressure from retail investors. Social media platforms like Twitter and Reddit have been abuzz with discussions about Dogecoin, fueled by the belief that its low price and strong community support make it a potential investment opportunity.

Dogecoin's Long-Term Outlook

The long-term outlook for Dogecoin is uncertain. While retail investor support has been a major factor in its recent price surge, the cryptocurrency's value is ultimately determined by supply and demand. If demand wanes or if significant selling pressure arises, Dogecoin's price could decline.

However, some analysts believe that Dogecoin's strong community and its potential as a payment mechanism could provide long-term support for its price. If Dogecoin is able to gain widespread adoption and recognition, its value could continue to rise.

Key Statistics

• Price: $0.2297455385876
• 24-hour trading volume: $1,294,530,925.5665
• Price change (24 hours): -6.27979304%
• Circulating supply: 148,177,736,383.71
• Maximum supply:
• Total supply: 148,177,736,383.71
• Circulating market capitalization: $34,043,173,852.166