The latest price of Dogecoin at 19:00 on October 8, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Steady Decline Amidst Market Volatility

As of October 8, 2024, at 07:00 PM UTC, Dogecoin (DOGE) is trading at $0.1076 USD, marking a 24-hour price decline of -3.27%. The cryptocurrency's 24-hour trading volume stands at $765,121,770.29.

Key Metrics

• Current Price: $0.1076
• 24-Hour Price Change: -3.27%
• 24-Hour Trading Volume: $765,121,770.29
• Circulating Supply: 146,279,946,383.71
• Maximum Supply: N/A
• Total Supply: 146,279,946,383.71
• Market Capitalization: $15,741,776,595.29

Market Performance

Dogecoin's price has followed a generally downward trend in recent days, mirroring the broader market volatility. Over the past week, DOGE has lost approximately 10% of its value, while over the past month, it has declined by nearly 15%.

The cryptocurrency's overall performance remains influenced by factors such as market sentiment, regulatory concerns, and the broader macroeconomic landscape. Dogecoin's correlation with Bitcoin (BTC) remains strong, with its price often moving in tandem with the larger cryptocurrency.

Outlook

The cryptocurrency market is known for its inherent volatility, and DOGE's price trajectory is likely to be subject to significant fluctuations in the future. While short-term price predictions are challenging, some analysts believe that Dogecoin could see a recovery in the medium to long term, supported by its strong community and potential adoption. However, it is important for investors to exercise caution and conduct thorough research before making any investment decisions.