The latest price of Dogecoin at 23:00 on August 5, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: Downturn in the Crypto Market

As of August 5, 2024, 11:00 PM UTC, Dogecoin (DOGE) is trading at $0.093397461282709. This represents a significant 10.1718814% decrease in value over the past 24 hours.

Trading Volume and Price Movement

The 24-hour trading volume for DOGE stands at $2975458966.8525, indicating a high level of activity in the market. The current price movement suggests a bearish sentiment among traders, with the altcoin struggling to regain its previous levels.

Supply and Market Cap

The current circulating supply of DOGE is 145409526383.71, while the total supply remains undisclosed. Dogecoin does not have a hard cap on its supply, which means that new coins can be created over time.

The market capitalization of DOGE is currently $13580880610.559, making it one of the top altcoins in terms of market valuation.

Market Outlook

The overall cryptocurrency market has been experiencing a downturn in recent weeks, with many coins facing significant losses. This negative sentiment has also affected DOGE, leading to its current price drop.

Analysts and investors are closely monitoring the situation, with some predicting that the market could continue to decline in the short term. However, the long-term outlook for DOGE remains uncertain, and its future performance will depend on various factors, including market sentiment and broader economic conditions.