The latest price of Dogecoin at 16:00 on August 5, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: August 5, 2024

As of August 5, 2024, at 4 PM UTC, the live Dogecoin (DOGE) price is $0.089037999099055, with a 24-hour trading volume of $2097719626.6906. DOGE has witnessed a decline of -16.61161591% in its value over the past day.

Technical Analysis:

• Circulating Supply: 145405546383.71
• Maximum Supply: N/A
• Total Supply: 145405546383.71
• Market Capitalization: $12946618907.91

Key Highlights:

• Dogecoin's price has experienced a significant drop in the last 24 hours, losing over 16% of its value.
• The market capitalization has also declined, reflecting the decrease in the overall value of DOGE in circulation.
• The circulating supply of DOGE remains unchanged, indicating that no new coins have been issued.

Market Sentiment:

The recent price drop has led to some uncertainty among investors, with some expressing concerns about the long-term prospects of DOGE. However, others remain optimistic, citing the coin's strong community support and potential use cases in the cryptocurrency ecosystem.

Future Outlook:

The future price trajectory of DOGE will depend on various factors, including:

• Adoption and use cases for the coin
• Market conditions and overall cryptocurrency sentiment
• Developments and updates to the underlying technology

Investors are advised to conduct thorough research and consider their own risk tolerance before making any investment decisions.