Dogecoin
Current price
$0.0801
−4.87%24h
LiveUpdated 37s ago
TodayDogecoin falls 4.9%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.13%
- 24 hours−4.87%
- 7 days−8.28%
- 30 days−2.78%
- 1 year−58.87%
Dogecoin's move in context
Lagging the market today
−4.87% today against −3.26% for the market as a whole, a gap of 1.6 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−8.3% over 7 days and −2.8% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Dogecoin
Dogecoin: The Meme Coin with a Strong Community
Dogecoin began as a lighthearted joke, created as a parody of the rapidly growing number of cryptocurrencies in 2013. Using the popular "Doge" meme featuring a Shiba Inu dog, Dogecoin quickly gained a cult following, evolving from a meme coin into a serious contender in the cryptocurrency space. Despite its origins, Dogecoin has maintained a strong and loyal community that has propelled it to mainstream recognition and significant market capitalization.
Key Aspects of Dogecoin
Origins as a Meme Coin: Dogecoin was created by software engineers Billy Markus and Jackson Palmer as a satire of the burgeoning cryptocurrency market. Its design was intentionally humorous, using the Doge meme as its mascot. However, what started as a joke soon turned into a legitimate cryptocurrency with a substantial user base.
Community-Driven Development: The strength of Dogecoin lies in its community. Known for its generosity and camaraderie, the Dogecoin community has used the currency for a wide range of charitable causes, including raising funds for disaster relief, sponsoring athletes, and supporting various humanitarian projects. This community spirit has helped Dogecoin build a reputation as a "fun and friendly" cryptocurrency.
Fast and Affordable Transactions: Dogecoin's technical design allows for fast transaction processing, with a block time of just one minute. This speed, combined with low transaction fees, makes Dogecoin an ideal choice for small, everyday transactions. Its affordability and ease of use have contributed to its widespread adoption.
Inflationary Supply Model: Unlike Bitcoin, Dogecoin does not have a capped supply. Instead, new Dogecoins are continuously mined, with no upper limit. This inflationary model encourages the use of Dogecoin as a currency rather than a store of value, aligning with its original purpose as a "fun" currency for tipping and small transactions.
High-Profile Endorsements: Dogecoin has received endorsements from several high-profile individuals, most notably Elon Musk. Musk's tweets about Dogecoin have significantly influenced its price and popularity, bringing it into the spotlight as a mainstream cryptocurrency. This celebrity attention has helped Dogecoin gain recognition beyond its original niche.
Challenges and Future Prospects: Despite its popularity, Dogecoin faces several challenges, including its inflationary nature and competition from more technologically advanced cryptocurrencies. However, its strong community and unique brand position it as a lasting player in the market, with potential for continued growth and adoption.
Dogecoin market
- Position by market cap among the coins we track.
- #12
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $12.52B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0788High $0.0849
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.7316
- Now 11% of itReached 8 May 2021 · Needs +813% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 156.33B DOGE
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Dogecoin converter
1 Dogecoin = $0.0801
