The latest price of Dogecoin at 08:00 on July 31, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update for July 31, 2024

As of 08:00 AM UTC on July 31, 2024, the latest price of Dogecoin (DOGE) was $0.12559251561099. This represents a decline of -2.38595212% over the past 24 hours.

Key Metrics:

• 24-hour trading volume: $638,122,391.06087
• Circulating supply: 145,333,726,383.71 DOGE
• Maximum supply: N/A
• Total supply: 145,333,726,383.71 DOGE
• Market capitalization: $18,252,828,299.648

Analysis:

Despite the recent decline in price, Dogecoin has witnessed significant growth in the past year. The cryptocurrency's market capitalization has grown exponentially, driven by increasing adoption and recognition.

The decline in price over the past 24 hours could be attributed to a wider market correction in the cryptocurrency sector. However, the long-term fundamentals of Dogecoin remain strong. Its low transaction fees and fast transaction speed make it an attractive option for everyday use and microtransactions.

Analysts believe that Dogecoin is well-positioned for further growth in the coming months. The cryptocurrency's strong community support and increasing use cases could contribute to a positive price trajectory.

Disclaimer:

Cryptocurrency markets are volatile and prices can change rapidly. This article provides information for educational purposes only and should not be considered financial advice. Investors are advised to conduct thorough research and consult with financial professionals before making any investment decisions.