The latest price of Dogecoin at 22:00 on August 2, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: A Dip Amidst Wider Market Fluctuations

As of August 2, 2024, 10:00 PM UTC, Dogecoin (DOGE) was trading at $0.11856202576282. The cryptocurrency experienced a 24-hour trading volume of $874,025,520.26679. Over the past day, DOGE's price has declined by 1.35045224%.

Market Capitalization and Supply

Dogecoin's circulating supply stands at 145,368,516,383.71. The cryptocurrency has a maximum supply cap of 145,368,516,383.71, and its current total supply also sits at 145,368,516,383.71. The circulating market capitalization of DOGE is $17,235,185,784.588.

Market Sentiment

The recent price drop in DOGE mirrors a broader downturn in the cryptocurrency market. Bitcoin (BTC), the leading cryptocurrency, has also experienced a decline over the past 24 hours. This market volatility is often attributed to factors such as regulatory uncertainty, geopolitical tensions, and macroeconomic conditions.

Outlook

The volatility in the cryptocurrency market is expected to continue in the near term. However, DOGE remains a popular altcoin with a strong community and potential for growth. Its long-term prospects will depend on factors such as technological advancements, adoption rates, and regulatory developments.

It is important to note that the cryptocurrency market is unpredictable, and investors should always conduct thorough research before making any investment decisions.