The latest price of Dogecoin at 18:00 on August 27, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Sees Price Fluctuation in Recent Trading Session

As of August 27, 2024, 6:00 PM UTC, the live price of Dogecoin (DOGE) stands at $0.10468059444191. The 24-hour trading volume for DOGE is recorded at $524,630,817.53821, indicating a substantial amount of activity in the market.

Over the past 24 hours, DOGE has experienced a downward trend in its price, witnessing a decline of -4.27954617%. This fluctuation is likely influenced by several market factors, including overall cryptocurrency market sentiment and individual trader activity.

Dogecoin Key Metrics

• Current Market Cap: $15,252,543,208.929
• Circulating Supply: 145,705,546,383.71 DOGE
• Maximum Supply: None
• Total Supply: 145,705,546,383.71 DOGE

Market Comparison

In comparison to Bitcoin (BTC), DOGE has a relatively lower market capitalization and significantly different supply dynamics. Bitcoin, with a much larger market cap, has a limited maximum supply of 21 million BTC. This scarcity contributes to Bitcoin's stability and value retention.

Conclusion

Dogecoin continues to be a popular cryptocurrency in the market, although it can experience price fluctuations. The recent decline in DOGE's price highlights the volatile nature of the cryptocurrency market, where values can change rapidly. Investors should carefully consider risk factors and research thoroughly before making any trading decisions.