The latest price of Dogecoin at 16:00 on August 27, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Experiences Decline Amidst Market Volatility

As of August 27, 2024, at 4 PM, Dogecoin (DOGE) was trading at $0.10605089213245, with a 24-hour trading volume of $524,933,262.49543. The price of DOGE saw a decline of -2.56835607% over the last 24 hours.

Supply and Market Capitalization

• Circulating Supply: 145,704,396,383.71
• Maximum Supply: N/A
• Total Supply: 145,704,396,383.71
• Market Capitalization: $15,452,081,224.112

Market Trends

The recent price drop of Dogecoin follows a general decline in the cryptocurrency market. Bitcoin (BTC), the largest cryptocurrency by market capitalization, also experienced a decline during the same period. This market volatility is likely influenced by ongoing economic uncertainties and regulatory concerns surrounding the cryptocurrency industry.

Future Outlook

The future of Dogecoin remains uncertain. While the meme-inspired cryptocurrency has a strong and passionate community, its long-term viability depends on its ability to establish practical use cases and maintain its relevance in the evolving cryptocurrency landscape. Factors such as regulatory developments, technological advancements, and market sentiment will likely play a significant role in shaping its future trajectory.

Investor Considerations

Investors considering DOGE should exercise caution and conduct thorough research before making investment decisions. The cryptocurrency market is highly volatile, and DOGE's price can fluctuate rapidly. Investors should only invest as much as they are willing to lose and understand the risks involved.