(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of August 4, 2024, at 6 PM, the live price of Dogecoin (DOGE) stood at $0.10714167475023. Over the preceding 24-hour period, the total trading volume for DOGE reached $709035200.82906.
24-Hour Price Movement
In the past 24 hours, the price of Dogecoin has experienced a decline of 5.09936651%. This downward trend indicates selling pressure within the DOGE market.
Key Metrics
- Circulating Supply: 145393286383.71 DOGE
- Max Supply: Not applicable (DOGE is an inflationary cryptocurrency)
- Total Supply: 145393286383.71 DOGE
- Market Cap: $15577680200.59
Conclusion
The recent price movement of Dogecoin suggests that the market is currently in a bearish phase. The decline in price indicates increased selling pressure, potentially driven by factors such as uncertainty in the broader cryptocurrency market or negative news surrounding DOGE. Investors should closely monitor the price action of DOGE in the coming days to assess market sentiment and make informed decisions regarding their investments.
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