(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Update
As of August 26, 2024, 2:00 PM UTC, Dogecoin (DOGE) is trading at $0.10927615930189, with a 24-hour trading volume of $540,587,541.67543. The price of Dogecoin has decreased by -1.35466977% in the past 24 hours.
Key Metrics
- Circulating Supply: 145,689,576,383.71
- Maximum Supply: N/A
- Total Supply: 145,689,576,383.71
- Market Cap: $15,920,397,357.53
Market Sentiment
The drop in Dogecoin's price over the past 24 hours reflects a broader bearish sentiment in the cryptocurrency market. Market analysts attribute this sell-off to concerns over regulatory uncertainties and declining interest in meme coins.
Outlook
Despite the recent decline, Dogecoin remains one of the most popular and widely traded cryptocurrencies. Its strong community support and history of volatility suggest that the price could rebound in the future. However, investors should exercise caution and conduct thorough research before making investment decisions.
Additional Information
- Bitcoin (BTC), the leading cryptocurrency, is also facing a downturn today, with a 24-hour price change of -2.13%.
- Dogecoin is still accepted by a growing number of merchants and online retailers, including Tesla and AMC Theatres.
- The Dogecoin Foundation, a non-profit organization, continues to support the development and adoption of the cryptocurrency.
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