The latest price of Dogecoin at 10:00 on August 14, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Recent Developments and Future Outlook

As of August 14, 2024, at 10:00 AM, the latest price of Dogecoin (DOGE) stood at $0.10562486624503. The 24-hour trading volume for DOGE was recorded at $532,677,444.05069. Over the past 24 hours, the price of DOGE has experienced a decline of -2.03184649%.

Circulation and Supply of DOGE

The circulating supply of DOGE is currently at 145,523,786,383.71. Dogecoin's maximum supply is undetermined, while its total supply is 145,523,786,383.71. The circulating market capitalization for DOGE is valued at $15,370,930,472.25.

Historical Price Performance and Technical Analysis

Dogecoin has witnessed significant price fluctuations throughout its history. After achieving an all-time high price of $0.7376 on May 8, 2021, DOGE embarked on a downward trend that dominated much of 2022. However, in 2023, DOGE showed signs of resilience, with its price gradually climbing from its lows around $0.05.

From a technical analysis perspective, DOGE's recent price movements have been characterized by a series of higher lows and lower highs, indicating the formation of a potential ascending triangle pattern. A breakout above the upper trendline of this pattern could signal a potential bullish reversal. However, it is important to note that technical analysis is only one aspect to consider, and investors should always exercise caution and conduct thorough research before making any trading decisions.

Factors Influencing DOGE Price

The price of DOGE is influenced by a variety of factors, including:

• Market sentiment: Positive sentiment towards cryptocurrencies in general can boost DOGE's price.
• News and events: Events such as celebrity endorsements or regulatory changes can also impact DOGE's value.
• Whales: Large holders of DOGE, known as "whales," can influence the price through their trading activities.
• Speculation and hype: DOGE's high volatility makes it susceptible to speculation and hype, which can contribute to price fluctuations.

Conclusion

Dogecoin has established itself as a popular cryptocurrency with a strong community of supporters. While its price has experienced volatility, DOGE has shown resilience and potential for growth. Investors should carefully assess the risks and rewards associated with investing in DOGE before making any financial commitments.