The latest price of Dogecoin at 08:00 on July 18, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of July 18, 2024, at 08:00 AM, the latest Dogecoin (DOGE) price stood at $0.12188411758832. The 24-hour trading volume was $731,025,036.13243. Notably, the price of Dogecoin had experienced a decline of -2.43887335% over the preceding 24 hours.

Key Metrics

• Bitcoin Circulation Supply: 145,158,536,383.71
• Dogecoin Maximum Supply: N/A
• Dogecoin Total Supply: 145,158,536,383.71
• Dogecoin Circulating Market Cap: $17,692,520,117.541

Price Movement

Dogecoin's price has seen significant fluctuations over the past year. In July 2023, it reached an all-time high of over $0.2, only to experience a steep downward trend in the months that followed. However, in early 2024, the price began to recover, rising steadily until it reached its current level.

Market Sentiment

Market sentiment towards Dogecoin remains mixed. Some analysts believe that DOGE has long-term growth potential, while others view it as a highly volatile and speculative asset. The recent price decline may be attributed to profit-taking after the cryptocurrency's recent rally.

Conclusion

Dogecoin's price is subject to market forces and external events. Its volatility makes it a risky investment for some, but the potential for high returns attracts others. As with any investment, it is crucial to conduct thorough research and understand the risks involved before investing in Dogecoin.