The latest price of Dogecoin at 22:00 on July 31, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: Steady Decline Continues

As of July 31, 2024, at 10:00 PM UTC, Dogecoin (DOGE) is trading at $0.12668466613432. Over the past 24 hours, the coin has witnessed a decline of -0.87346387% in its value.

Dogecoin Key Metrics:

• Current Price: $0.12668466613432
• 24-hour Trading Volume: $590,647,963.06097
• Market Cap: $18,412,550,346.452
• Circulating Supply: 145,341,586,383.71 DOGE
• Maximum Supply: Unlimited
• Total Supply: 145,341,586,383.71 DOGE

In terms of volume, DOGE has traded a significant amount over the past 24 hours. The decline in its price suggests that sellers are currently dominating the market. However, DOGE remains one of the most popular cryptocurrencies, particularly among retail investors.

Outlook and Analysis:

The current price action of Dogecoin indicates that the downtrend is likely to continue in the short term. Technical indicators such as the Relative Strength Index (RSI) and Moving Averages support this view.

However, it is important to note that the cryptocurrency market is volatile and can experience sudden reversals. DOGE has a history of experiencing significant price swings, making it difficult to predict its future value with certainty.

Investors should approach Dogecoin with caution and consider their own risk tolerance before making any investment decisions. It is crucial to conduct thorough research and understand the inherent volatility associated with cryptocurrencies.