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

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Reports Slight Dip Amidst Market Volatility

On July 18, 2024, at 18:00 UTC, Dogecoin (DOGE) recorded a price of $0.12144815324663. The cryptocurrency experienced a 24-hour trading volume of $739,490,517.96743.

Compared to the previous 24 hours, DOGE's value witnessed a moderate decline of -3.54388285%.

Key Metrics:

• Circulating Supply: 145,164,306,383.71
• Maximum Supply: None
• Total Supply: 145,164,306,383.71
• Market Capitalization: $17,629,936,927.629

Market Analysis:

DOGE's recent price movement is part of a broader market decline observed in the cryptocurrency space. The overall crypto market has been experiencing a period of volatility, with several major cryptocurrencies experiencing downward pressure.

The downward trend may be attributed to a combination of factors, including regulatory concerns, economic headwinds, and geopolitical tensions. Despite the recent dip, Dogecoin remains one of the most popular and widely traded cryptocurrencies. Its long-term growth trajectory is influenced by its strong community support and potential use cases in the decentralized finance (DeFi) ecosystem.

Outlook:

The future of DOGE remains uncertain, as the cryptocurrency market is highly volatile and susceptible to external factors. However, Dogecoin's established brand recognition and loyal user base could provide it with a competitive advantage in the long run. Investors should exercise caution when trading cryptocurrencies and conduct thorough research before making any investment decisions.