(24-hour Dogecoin price trend)
Dogecoin Price Update as of August 27, 2024
As of August 27, 2024, 2:00 PM, Dogecoin (DOGE) is trading at $0.10638406095878 with a 24-hour trading volume of $535,479,715.98573. In the past 24 hours, the price of Dogecoin has decreased by 2.64659589%.
Key Metrics:
- Circulating Supply: 145,703,266,383.71
- Maximum Supply: N/A
- Total Supply: 145,703,266,383.71
- Circulating Market Cap: $15,500,505,172.857
Analysis:
Dogecoin has experienced a slight downward trend in the past 24 hours, with a decrease in both price and trading volume. This could be attributed to various factors, including market sentiment and fluctuations in the cryptocurrency industry as a whole.
Despite the recent decline, Dogecoin has maintained a relatively stable trading range in recent weeks, indicating potential support at this price level. The coin's long-term outlook remains uncertain, as it is influenced by a combination of market conditions and broader macroeconomic factors.
Investors are advised to carefully consider the risks and potential rewards before investing in any cryptocurrency, including Dogecoin. The cryptocurrency market can be volatile and unpredictable, and it is essential to conduct thorough research and exercise due diligence.