The latest price of Dogecoin at 14:00 on July 25, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: Value Declines Amidst Market Turmoil

Dogecoin (DOGE) witnessed a notable loss in value over the past 24 hours, as the cryptocurrency faced a downturn alongside the broader market. As of July 25, 2024, at 2 PM UTC, DOGE was trading at $0.12335990497666.

Over the past day, DOGE has experienced a substantial decline of -5.73651252%. This drop has eroded some of the gains made in recent weeks, indicating that market sentiment towards the cryptocurrency has shifted.

The 24-hour trading volume for DOGE stands at $913,507,506.73231, demonstrating a significant level of activity around the coin. This high volume suggests that traders are paying close attention to DOGE's price movements and actively participating in the market.

The current price of DOGE reflects a market capitalization of $17,918,864,599.108. This indicates that the total value of all DOGE coins in circulation is approximately $17.92 billion.

Key Metrics

• Current Price: $0.12335990497666
• 24-hour Change: -5.73651252%
• 24-hour Volume: $913,507,506.73231
• Circulating Supply: 145,256,796,383.71 DOGE
• Maximum Supply: Not Available
• Total Supply: 145,256,796,383.71 DOGE

Implications for Investors

The recent price drop of DOGE underscores the volatile nature of the cryptocurrency market. Investors should exercise caution when making trading decisions, particularly in a rapidly shifting market.

While DOGE's price has fluctuated significantly in the past, the coin has shown resilience in the long term. Investors looking to invest in DOGE should carefully consider their financial goals and risk tolerance before making any decisions.