Analysis of Dogecoin (DOGE) Price in Relation to the Dollar (USD)

The value of Dogecoin (DOGE) in relation to the Dollar (USD) has seen notable fluctuations over the past days, weeks, and months.

The value of Dogecoin (DOGE) in relation to the Dollar (USD) has seen notable fluctuations over the past days, weeks, and months. Investors and traders closely monitor these price changes to assess market trends and make informed decisions about their holdings. Here is an analysis of Dogecoin’s performance in Dollar terms, highlighting key movements over different timeframes.

Weekly Performance of Dogecoin Against the Dollar

Over the past seven days, the exchange rate of Dogecoin to the Dollar has remained relatively stable, experiencing minor fluctuations. On March 17, 2025, Dogecoin was valued at $0.17 per DOGE, setting the tone for the week. Compared to the previous day, this represents a slight increase of 4.06%. However, the next day brought a minor decline of 4.09%, reducing the value to $0.17 again.

Midweek, on March 19, the value surged by 4.96%, reaching $0.18 as the price rose throughout the day. Nonetheless, by March 20, the price decreased to $0.17. After a period of stability, Dogecoin experienced a small decline against the Dollar on March 21 and March 22.

As of today, March 23, Dogecoin has shown a small uptick, rising by 1.31% to settle at $0.17. In summary, the overall weekly movement has resulted in a decline of $0.0046, reflecting a slight depreciation in Dogecoin’s value against the Dollar.

Monthly Performance of Dogecoin in Dollar Terms

Looking at Dogecoin’s value against the Dollar over the past month, a more significant downward trend emerges. On February 21, 2025, Dogecoin was valued at $0.24, setting the starting point for this analysis. Shortly after, the price decreased by 5.54%. By March 23, the price had plummeted to $0.17, marking a sharp decline of 40.97% over the month.

This indicates a loss of $0.07 per Dogecoin in Dollar terms, showcasing a bearish trend over this period. As macroeconomic factors and broader cryptocurrency trends influence price action, market participants should exercise caution and strategic decision-making in their Dogecoin investments.

Yearly Performance: Dogecoin’s Journey Against the Dollar

Comparing Dogecoin’s value to the Dollar year-over-year, the price stood at $0.17 on March 23, 2024. Over the last 12 months, Dogecoin has appreciated by 2.78%, adding $0.0047 to its value. This growth is modest, suggesting that despite short-term volatility, Dogecoin has maintained relative stability in its valuation against the Dollar.