The latest price of Dogecoin at 06:00 on July 24, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Dip: Current Status and Market Analysis

As of July 24, 2024, 06:00 AM, Dogecoin (DOGE) is trading at $0.13036042525633, marking a 24-hour trading volume of $1002049772.8409. The cryptocurrency has experienced a decline in value of -6.08434836% over the past day.

Circulating and Total Supply:

• Circulating Supply: 145238766383.71
• Total Supply: 145238766383.71

Market Capitalization:

The circulating market capitalization of Dogecoin stands at $18933387349.484. This figure represents the total value of all DOGE currently in circulation.

Market Dynamics:

Dogecoin has been trending downward in price over the past 24 hours, reflecting a broader market correction in the cryptocurrency sector. The ongoing regulatory uncertainties and macroeconomic headwinds have impacted the sentiment towards digital assets.

Despite the recent price dip, Dogecoin remains one of the most actively traded cryptocurrencies and maintains a strong community following. The underlying technology and use cases for DOGE continue to evolve, which could potentially drive its future value.

Conclusion:

While Dogecoin is experiencing a temporary price decline, it remains an important player in the cryptocurrency landscape. Its large and active community, along with its accessible nature and potential use cases, suggest that DOGE may still have significant growth potential in the long run. However, it is essential to monitor market conditions and invest cautiously in cryptocurrencies.