(24-hour Dogecoin price trend)

(24-hour Dogecoin price trend)

Dogecoin Price Slumps Amidst Bitcoin Plunge

在比特幣暴跌中，狗狗價格低迷

February 6, 2025, 13:00 PST

2025年2月6日，13:00 PST

The latest price of Dogecoin (DOGE) stands at $0.2615, with a 24-hour trading volume of $1,716,796,981.61. DOGE has experienced a notable decline in value, losing 0.65019446% in the past 24 hours.

The latest price of Dogecoin (DOGE) stands at $0.2615, with a 24-hour trading volume of $1,716,796,981.61. DOGE has experienced a notable decline in value, losing 0.65019446% in the past 24 hours.

Dogecoin's circulating supply remains at 147,928,706,383.71, with no maximum supply. The total supply also stands at 147,928,706,383.71, leading to a circulating market capitalization of $3,868,474,2029.51.

Dogecoin的循環供應量仍為147,928,706,383.71，沒有最大供應。總供應量也為147,928,706,383.71，導致市值循環3,868,474,2029.51。

Market Commentary

市場評論

The recent plunge in Bitcoin's price has had a ripple effect on the cryptocurrency market, including Dogecoin. Bitcoin's decline has sparked concerns about further downward pressure on the price of altcoins like DOGE.

比特幣價格最近的暴跌對包括Dogecoin在內的加密貨幣市場產生了連鎖反應。比特幣的下降引起了人們對諸如Doge之類的Altcoins價格進一步下降壓力的擔憂。

Analysts are divided on the future of DOGE in the wake of this downturn. Some believe that the coin's close association with Elon Musk, who has tweeted support for DOGE in the past, could provide some support against the bearish trend.

Analysts are divided on the future of DOGE in the wake of this downturn. Some believe that the coin's close association with Elon Musk, who has tweeted support for DOGE in the past, could provide some support against the bearish trend.

However, others argue that DOGE lacks fundamental value and may continue to suffer from volatility as long as its price remains largely driven by sentiment and momentum.

但是，其他人認為，只要其價格仍然在很大程度上受到情感和勢頭的驅動，Doge缺乏基本價值，並且可能會繼續遭受波動。

Alternative Memecoins

替代模因

Despite the recent setbacks, Dogecoin remains one of the most popular memecoins in the market. However, it faces competition from other rising stars in this space, such as Pepe Inu (PEPE) and Shiba Inu (SHIB).

Despite the recent setbacks, Dogecoin remains one of the most popular memecoins in the market. However, it faces competition from other rising stars in this space, such as Pepe Inu (PEPE) and Shiba Inu (SHIB).

Pepe Inu has surged in popularity recently, attracting investors with its branding and loyalty program. Shiba Inu, on the other hand, has a loyal fanbase and a steadily growing ecosystem.

Pepe Inu has surged in popularity recently, attracting investors with its branding and loyalty program. Shiba Inu, on the other hand, has a loyal fanbase and a steadily growing ecosystem.

It remains to be seen whether these alternative memecoins can challenge Dogecoin's dominance in the future. As with all memecoins, their value primarily relies on hype and social media sentiment, leaving them vulnerable to sudden fluctuations.

It remains to be seen whether these alternative memecoins can challenge Dogecoin's dominance in the future. As with all memecoins, their value primarily relies on hype and social media sentiment, leaving them vulnerable to sudden fluctuations.