The latest price of Dogecoin at 18:00 on August 3, 2024

(24-hour Dogecoin price trend)

Dogecoin Plunges Significantly Amidst Market Volatility

As of August 3, 2024, 6:00 PM UTC, Dogecoin's (DOGE) price has taken a substantial hit, falling to $0.11289879825822. This represents a significant 3.59466211% decline in the past 24 hours.

The downward trend in DOGE's price has been mirrored by a surge in its trading volume, which reached $896060896.25212 over the same period. This elevated trading activity suggests that traders are actively adjusting their positions in response to market volatility.

Despite the recent price drop, DOGE maintains a robust circulating supply of 145379706383.71 and a maximum supply of 145379706383.71. The coin's total supply remains unchanged, leading to a circulating market capitalization of $16413194141.854.

Investors are closely monitoring the situation, with some analysts attributing the price decline to broader market weakness. However, it is worth noting that the cryptocurrency market is highly volatile, and unexpected price movements are common.

Traders may want to exercise caution and consider their investment strategies carefully, as Dogecoin's price is expected to remain sensitive to market fluctuations in the short term.