The latest price of Dogecoin at 14:00 on August 2, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: Market Analysis

As of August 2, 2024, 2:00 PM UTC, the price of Dogecoin (DOGE) stands at $0.11612259937516. This represents a 24-hour trading volume of $806,054,867.01091.

Over the past 24 hours, DOGE has experienced a price decline of 3.86710187%. This correction comes after a period of steady gains in recent weeks.

Circulating Supply and Market Capitalization

The current circulating supply of DOGE is 145,363,916,383.71. The maximum supply of DOGE is theoretically infinite, while the total supply remains at 145,363,916,383.71.

Based on its current price and circulating supply, the market capitalization of DOGE is estimated to be $16,880,035,825.829. This places DOGE as the eighth-largest cryptocurrency by market capitalization.

Market Outlook

The short-term outlook for DOGE remains uncertain. The recent price decline suggests that the market is in a corrective phase. However, given the strong community support and recent developments around Dogecoin, such as its potential use in Twitter's payment system, the long-term outlook for the cryptocurrency remains positive.

It is important to note that all cryptocurrency investments carry inherent risks. Investors should carefully consider their financial objectives and risk tolerance before making any investment decisions.