(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis: Downward Trend Continues
As of August 15, 2024, at 12:00 PM UTC, the price of Dogecoin (DOGE) stood at $0.10277616668635. Over the past 24 hours, the trading volume for DOGE has reached $567,507,059.92359.
In the past day, Dogecoin's price has experienced a decline of approximately -3.15492576%.
Key Statistics
- Circulating Supply: 145,538,466,383.71 DOGE
- Maximum Supply: N/A
- Total Supply: 145,538,466,383.71 DOGE
- Market Cap: $14,957,885,680.327
Market Trend Analysis
Recent market data suggests that the price of Dogecoin has been following a downward trend. This decline can be attributed to factors such as the overall volatility in the cryptocurrency market and the recent decline in the price of Bitcoin (BTC), which often influences the movement of other altcoins.
Conclusion
Dogecoin's price has shown a bearish trend in the past 24 hours, with a decrease of -3.15492576%. The downtrend aligns with the wider market sentiment and the dip in the price of Bitcoin. Investors should be aware of market risks and conduct thorough research before making any trading decisions.