The latest price of Dogecoin at 08:00 on August 5, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Sees Downward Trend

As of August 5, 2024, 8:00 AM, Dogecoin (DOGE) is trading at $0.1037324593402. Its 24-hour trading volume has reached $827,323,033.64194. Over the past day, DOGE has experienced a price decline of 4.10175475%.

Key Metrics:

• Circulating Supply: 145,401,036,383.71
• Maximum Supply: None
• Total Supply: 145,401,036,383.71
• Market Cap: $15,082,807,094.696

Market Analysis:

Dogecoin has exhibited a notable downward trend over the past 24 hours. The cryptocurrency's price is currently below its recent high of $0.108215130409. This decline is primarily attributed to market volatility and profit-taking among investors.

However, DOGE has maintained a relatively strong position in the cryptocurrency market. Its high trading volume and circulating supply indicate ongoing interest from both retail and institutional investors.

Investment Considerations:

The cryptocurrency market remains highly volatile, and investors should exercise caution when trading in Dogecoin or any other digital asset. Before investing, it's crucial to conduct thorough research, understand the risks involved, and only invest what you can afford to lose.