The latest price of Dogecoin at 16:00 on July 19, 2024

(24-hour Dogecoin price trend)

Dogecoin Sees Slight Decline Despite Market Recovery

As of July 19, 2024, 4 p.m. UTC, Dogecoin (DOGE) traded at $0.1190886503301. Over the previous 24 hours, its trading volume reached $664162428.66528, indicating a moderate level of activity.

Price Performance

In the past 24 hours, Dogecoin's price has experienced a slight decline of -2.13595358%. This price dip comes amidst a broader recovery in the cryptocurrency market, where several major coins have seen significant gains.

Circulation and Supply

Dogecoin currently has a circulating supply of 145176706383.71, with no maximum supply and a total supply also of 145176706383.71, making it an inflationary cryptocurrency.

Market Capitalization

Based on its circulating supply and current price, Dogecoin's market capitalization stands at $17288898022.604. This places it among the top 10 cryptocurrencies by market capitalization.

Conclusion

Despite the recent dip in its price, Dogecoin's performance over the longer term remains positive. Its market capitalization and trading volume indicate continued interest from investors and traders. As the cryptocurrency market continues to evolve, Dogecoin's price is likely to fluctuate, but its deflationary nature and strong community support may provide a foundation for future growth.