The latest price of Dogecoin at 08:00 on August 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: Dip Prevails

As of August 28, 2024, 08:00 UTC, Dogecoin (DOGE) is trading at $0.099052166330127, marking a 24-hour trading volume of $614,761,918.93. The cryptocurrency has experienced a 5.93061376% decline over the past day.

Key Metrics

• Current Price: $0.099052166330127
• 24-Hour Trading Volume: $614,761,918.93
• 24-Hour Price Change: -5.93061376%
• Bitcoin Dominance: 40.39%
• Circulating Supply: 145,713,446,383.71 DOGE
• Maximum Supply: None specified
• Total Supply: 145,713,446,383.71 DOGE
• Market Capitalization: $14,433,232,527.735

Market Dynamics

Dogecoin's recent price movements have been influenced by the broader cryptocurrency market trend, which has witnessed a dip in recent days. The decline in DOGE's value aligns with the overall bearish sentiment in the market. However, DOGE remains one of the most popular cryptocurrencies by trading volume.

Outlook

Analysts remain cautious about the short-term prospects for DOGE, citing the current market conditions. However, the long-term potential of DOGE is still considered promising, given its strong community support and its underlying technology.

Investors and traders are advised to monitor market developments and conduct thorough research before making any investment decisions.