The latest price of Dogecoin at 06:00 on July 31, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Current Market Dynamics and Key Statistics

As of July 31, 2024, at 06:00 AM, the latest price of Dogecoin (DOGE) stands at $0.12586026730581. In the past 24 hours, DOGE has experienced a 2.50475389% decrease in its value.

Trading Activity and Volume

The 24-hour trading volume for Dogecoin is recorded at $653,315,465.5893, indicating a healthy level of liquidity and trading activity. This volume suggests that DOGE remains a popular and actively traded asset in the cryptocurrency market.

Circulating Supply and Total Supply

The circulating supply of Dogecoin currently sits at 145,332,596,383.71, while the maximum supply is not specified. Notably, DOGE has a total supply of 145,332,596,383.71, which means that the entirety of the potential issuance has already been released into circulation.

Market Capitalization

Based on the current price and circulating supply, the market capitalization of Dogecoin is calculated to be approximately $18,291,599,429.1. Market capitalization is a measure of the total value of all DOGE coins in circulation and serves as an indicator of the asset's overall market presence and influence.

Market Sentiment

The recent price decline of Dogecoin suggests that market sentiment towards the asset may be shifting. However, it is important to note that cryptocurrency markets are known for their volatility, and price fluctuations can occur rapidly. As such, investors should exercise caution and conduct thorough research before making any investment decisions.