The latest price of Dogecoin at 12:00 on August 1, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Keeps Plunging: Price Drops 3.44%

As of August 1, 2024, 12:00 PM, Dogecoin (DOGE) is trading at $0.12102734827075, with a 24-hour trading volume of $638,711,810.89814.

Over the past 24 hours, DOGE has witnessed a significant price decline of 3.43876755%. Despite its popularity, the altcoin has struggled to maintain a stable upward trajectory.

Circulating and Total Supply

Dogecoin's circulating supply currently stands at 145,349,406,383.71, while its total supply is also 145,349,406,383.71. This indicates that all DOGE tokens have been released into circulation.

Market Capitalization

The market capitalization of Dogecoin has fallen to $17,591,253,227.348, reflecting its current price and circulating supply.

Concerns and Market Outlook

The recent price decline of DOGE has raised concerns among investors. Analysts attribute the drop to a combination of factors, including the ongoing bear market in cryptocurrencies and uncertainty surrounding Dogecoin's long-term value proposition.

Despite its initial surge in popularity, DOGE has faced criticism for its lack of real-world applications and questionable fundamental value. Its price movements have often been driven by speculative trading and social media hype.

The market outlook for DOGE remains uncertain. While it is unlikely to disappear entirely, its future growth potential is questionable. Investors should exercise caution and conduct thorough research before making any trading decisions involving this volatile asset.