The latest price of Dogecoin at 16:00 on August 2, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Update: August 2, 2024

At 4:00 PM UTC on August 2, 2024, the live price of Dogecoin (DOGE) stands at $0.11639662470169. The 24-hour trading volume for DOGE is $824,130,360.65976. Over the past day, Dogecoin's value has experienced a decrease of 3.25109319%.

Key Statistical Data:

• Current Price: $0.11639662470169
• 24-Hour Trading Volume: $824,130,360.65976
• 24-Hour Price Change: -3.25109319%
• Circulating Supply: 145,365,126,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 145,365,126,383.71 DOGE
• Market Cap: $16,920,010,060.398

Analysis:

Dogecoin's recent price decline is in line with the broader market downturn experienced by cryptocurrencies in recent months. Concerns over macroeconomic factors, such as inflation and potential interest rate hikes, have weighed on investor sentiment.

However, DOGE remains popular among retail investors due to its low price point and its association with the popular meme culture. The Dogecoin community continues to grow, with numerous online forums and social media groups dedicated to the cryptocurrency.

It is important to note that cryptocurrency prices are highly volatile, and investors should exercise caution when making investment decisions.