The latest price of Dogecoin at 08:00 on July 24, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Experiences Decline

As of July 24, 2024, at 8:00 AM, Dogecoin (DOGE) was trading at a price of $0.13038557244793, with a 24-hour trading volume of $963,364,308.83786. This represented a decrease of 5.43651332% from the previous day's price.

Key Metrics

• Current Price: $0.13038557244793
• 24-Hour Trading Volume: $963,364,308.83786
• Price Change (24 Hours): -5.43651332%
• Circulating Supply: 145,239,936,383.71
• Maximum Supply: N/A
• Total Supply: 145,239,936,383.71
• Market Cap: $18,937,192,247.69

Market Analysis

The recent price decline in Dogecoin is part of a larger trend that has affected the cryptocurrency market as a whole. Bitcoin has also experienced a significant dip in value over the past 24 hours.

While the reasons for this market downturn are not entirely clear, it is possible that it is related to concerns about the global economy and rising inflation. Additionally, recent regulatory moves by governments around the world may have created uncertainty in the cryptocurrency market.

It is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate dramatically in a short period of time. Investors should be aware of this volatility and invest only what they can afford to lose.