The latest price of Dogecoin at 08:00 on August 3, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: DOGE Drops 6.53% Amidst Market Uncertainty

As of August 3, 2024, 08:00 AM, Dogecoin (DOGE) is trading at $0.11147985026327. The 24-hour trading volume for DOGE stands at $825,836,358.51474.

Over the past 24 hours, Dogecoin has experienced a significant decline of -6.53248067% in value. This downward trend reflects broader market volatility and concerns surrounding the cryptocurrency ecosystem.

At present, the circulating supply of Dogecoin is 145,374,006,383.71. The maximum supply for DOGE is currently undefined, while the total supply remains at 145,374,006,383.71. The market capitalization for Dogecoin is estimated to be $16,206,272,463.827.

The decline in Dogecoin's price is attributed to several factors, including the recent market correction, uncertainty surrounding regulatory policies, and the overall bearish sentiment in the cryptocurrency market.

Despite the current market challenges, Dogecoin has a loyal and enthusiastic community that believes in its long-term potential. The coin has a strong track record of price fluctuations and has weathered previous market downturns.

Investors should approach Dogecoin with caution and conduct thorough research before investing. The cryptocurrency market is volatile, and prices can fluctuate dramatically in either direction. It is advisable to invest only what you can afford to lose and to manage your risk exposure accordingly.