The latest price of Dogecoin at 16:00 on July 31, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of July 31, 2024 at 4:00 PM, the latest price of Dogecoin (DOGE) was $0.12618178418026. The 24-hour trading volume stood at $611,083,539.65518.

Price Volatility

Over the past 24 hours, DOGE has experienced a decline in value of -2.93222363%. This fluctuation is part of the inherent volatility associated with the cryptocurrency market.

Supply and Market Capitalization

The current circulating supply of DOGE is 145,337,336,383.71, which is a major portion of the maximum supply and total supply. The circulating market capitalization of DOGE is $18,338,924,412.902, indicating the total value of all DOGE coins currently in circulation.

Comparison to Bitcoin

In comparison, Bitcoin (BTC) has a lower circulating supply than DOGE, with 145,337,336,383.71 BTC in circulation. However, BTC has a significantly higher price and market capitalization, making it the dominant cryptocurrency in the market.

Future Outlook

The future outlook for DOGE remains uncertain, as the value of cryptocurrencies is influenced by a variety of factors, including market sentiment, regulatory developments, and technological advancements. Investors should approach any cryptocurrency investment with caution and conduct thorough research before making any decisions.