The latest price of Dogecoin at 18:00 on August 16, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Dips Slightly, Hitting $0.1016

As of August 16, 2024, 6:00 PM (UTC), Dogecoin (DOGE) is valued at $0.10165207942405. The total 24-hour trading volume for DOGE stands at $626,406,887.87853.

Over the past 24 hours, DOGE's price has experienced a drop of -0.93354175%.

Dogecoin Key Statistics:

• Circulating Supply: 145,555,336,383.71
• Maximum Supply: N/A
• Total Supply: 145,555,336,383.71
• Market Capitalization: $14,796,002,614.671

Analysis:

DOGE's price decline is part of a broader downward trend seen in the cryptocurrency market over the past few weeks. The drop may be attributed to several factors, including:

• Reduced investor sentiment due to macroeconomic conditions and regulatory concerns
• profit-taking by investors who had accumulated DOGE during its recent price surge
• Competition from other cryptocurrencies

However, it's worth noting that Dogecoin remains one of the most popular and widely traded cryptocurrencies, with a strong community and a significant following. The long-term prospects for DOGE will depend on several factors, including regulatory developments, market trends, and adoption by businesses and users.