The latest price of Dogecoin at 15:00 on August 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Recent Drop and Market Performance

As of August 28, 2024, at 3 PM, Dogecoin (DOGE) is trading at $0.099165490826573. In the last 24 hours, its trading volume has reached $668,412,228.10051. During this period, DOGE's price has experienced a decline of -6.3074001%.

Circulating Supply and Market Capitalization

The circulating supply of Dogecoin stands at 145,717,456,383.71. It has a maximum supply and a total supply of the same amount. The current market capitalization of DOGE is $14,450,143,084.29.

Bitcoin Comparison

In terms of market dominance, Bitcoin (BTC) remains significantly ahead of Dogecoin. BTC's current market capitalization is much larger than DOGE's, reflecting its dominant position in the cryptocurrency market.

Recent Price Movements

Dogecoin has recently experienced a downward trend in its price. Over the past week, DOGE has lost over 10% of its value. Factors such as broader market sentiment, regulatory concerns, and industry developments have impacted DOGE's performance.

Future Outlook

The future outlook for Dogecoin is uncertain, like any other cryptocurrency. Its price is influenced by a wide range of factors, including investor sentiment, market conditions, and regulatory changes. It is important for investors to conduct their own research and due diligence before making any investment decisions.