The latest price of Dogecoin at 08:00 on July 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of July 17, 2024, 8:00 AM, Dogecoin (DOGE) is priced at $0.12495083027783. The 24-hour trading volume stands at $1023670617.5899. Over the past 24 hours, DOGE has witnessed a price decrease of approximately 0.23773361%.

Key Metrics

• Circulating supply: 145145136383.71
• Maximum supply: N/A
• Total supply: 145145136383.71
• Market capitalization: $18136005301.933

Market Outlook

The cryptocurrency market has experienced volatility in recent months. Bitcoin, the largest cryptocurrency by market capitalization, has seen significant price swings. These fluctuations have had a ripple effect on other cryptocurrencies, including Dogecoin.

The negative price movement observed in Dogecoin over the past 24 hours suggests that the broader cryptocurrency market may be facing some headwinds. However, it is important to note that the market remains highly speculative and can change rapidly.

Conclusion

Dogecoin's price is influenced by a combination of factors, including market sentiment, supply and demand, and macroeconomic conditions. While the recent price decrease is noteworthy, it is too early to say whether this trend will continue or if DOGE will recover in the near future. Investors should conduct thorough research and exercise caution when making investment decisions.