The latest price of Dogecoin at 06:00 on August 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update: Price Dips as Trading Volume Surges

As of August 28, 2024, 6:00 AM, Dogecoin (DOGE) is trading at $0.10011908412095, reflecting a decline of -5.03720577% over the past 24 hours. Despite the price drop, trading volume has surged, reaching $521,714,156.44562 in the last day.

The current circulating supply of Dogecoin stands at 145,712,286,383.71. The maximum supply and total supply of DOGE remain unknown. This translates to a current market capitalization of $14,588,580,657.906.

Dogecoin has experienced significant volatility in recent months, following the broader cryptocurrency market trend. The token's price rose sharply in early 2021, driven by hype and social media attention, but has since cooled down.

Despite its price fluctuations, Dogecoin remains one of the most popular cryptocurrencies among retail investors. Its large and active community, combined with its accessibility and low transaction fees, continue to attract new users.

Market analysts believe the latest price dip could be a short-term correction after a period of gains. However, they remain cautiously optimistic about the long-term prospects of Dogecoin, citing its strong brand recognition and growing utility.