The latest price of Dogecoin at 20:00 on August 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update: August 28, 2024, 8:00 PM UTC

As of 8:00 PM UTC on August 28, 2024, Dogecoin (DOGE) stands at $0.1008828341224 per coin. The 24-hour trading volume for DOGE is $689,874,728.79394.

Over the past 24 hours, Dogecoin's price has experienced a decline of 3.35559387%. This drop comes after a period of steady growth in the coin's value.

The current circulating supply of DOGE is 145,720,286,383.71. The maximum supply of DOGE is not defined, and the total supply is also 145,720,286,383.71.

The market capitalization of Dogecoin stands at $14,700,675,479.516 at the time of writing. This makes DOGE the 10th largest cryptocurrency by market capitalization, according to CoinMarketCap.

Factors Influencing DOGE Price

The factors influencing the price of Dogecoin are similar to those that affect other cryptocurrencies, including:

• Supply and demand: The price of DOGE is largely determined by the balance between supply and demand. If more people want to buy DOGE than sell it, the price will rise. Conversely, if more people want to sell DOGE than buy it, the price will fall.
• News and events: Positive news about DOGE, such as partnerships or major developments, can lead to an increase in demand for the coin and thus a rise in price. Conversely, negative news or events can have the opposite effect.
• Speculation: Dogecoin is a highly speculative asset, and its price can be impacted by speculation and market sentiment. This volatility makes DOGE a potential high-reward, high-risk investment.

Disclaimer

Investing in cryptocurrencies carries risk. DOGE is a volatile asset, and its price can fluctuate significantly over short periods of time. It is important to carefully consider your financial situation and investment goals before making any trading or investment decisions.