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Dogecoin

DOGE

Dogecoin Market Stats

Dogecoin Price

$22,014.48

Dogecoin Price Change (24H)

$22,014.48

Dogecoin Price (24H Low)

$22,014.48

Dogecoin Price (24 High)

$22,014.48

Dogecoin Price (All Time High)

$22,014.48

Dogecoin Market Cap

$22,014.48

Dogecoin Volume (24H)

$22,014.48

Dogecoin Circulating Supply

$22,014.48

Dogecoin Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What Is Dogecoin (DOGE)?

Dogecoin (DOGE) is an open-source, peer-to-peer digital currency. It was developed as a gamified alternative to traditional cryptocurrencies. It was considered a meme coin for most of its existence. The coin’s name and logo are designed on a meme. However, that changed in 2021 when Dogecoin became one of the ten most significant digital currencies by market capitalization.

Dogecoin offers its users a secure, decentralized application free from third-party interference. The total value of Dogecoin exceeds around $50 billion, although the coins are worth only a few cents. This is possible because billions of Dogecoin circulate on the market, and thousands of them are mined every minute.

Dogecoin Coin - Comparewise

Who Created Dogecoin (DOGE)?

Dogecoin was developed in the year 2013 by two IT engineers, Billy Marcus and Jackson Palmer, as a joke. They were friends on Reddit who’d never met in the real world. The two engineers combined two popular concepts – a meme showing a Shiba Inu and an incorrectly spelled version of the word “dog.”

Although the meme was intended as a joke for popular digital currencies like Bitcoin, it caught on almost immediately. The site had over a million visitors during its first month after launch. It was prevalent in the community, where people just wanted to have fun and play freely with cryptocurrencies.

Later, Reddit, a leading internet forum, partnered with Dogecoin and started rewarding its content creators with the DOGE token. But it wasn’t until 2020 that Dogecoin reached its peak. The founder of SpaceX, Elon Musk, started frequently tweeting about the Memecoin, which made him a prominent follower of the token. This led to a quick gain in the price of Dogecoin.

How Does Dogecoin (DOGE) Work?

Dogecoin is a digital currency which is developed to run on blockchain technology. Although it was started as a joke, Dogecoin is a full-blown digital currency with its own mining system and blockchain platform. While Jackson Palmer came up with the idea for this meme coin, Billy Marcus developed the technology behind it.

Billy based the technology of Dogecoin on the concept of Luckycoin. And Luckycoin is, in turn, based on the technology of Litecoin. Initially, Dogecoin used a randomized reward concept for block mining. However, in March 2014, it was switched to a static reward.

Similar to Bitcoin and Ethereum, Dogecoin also uses the proof of work concept. Here, miners use their hardware to solve algorithms and complex mathematical equations. The miners process the transactions and record them on the blockchain by solving these equations. When a transaction gets recorded on the blockchain network, the miners are rewarded with Dogecoin tokens.

Because the miners can solve the mathematical algorithms relatively easily and quickly, the Dogecoin network is more efficient at processing payments. Thanks to this lightweight architecture, the coin can process blocks within a minute, unlike Bitcoin, which takes about 10 minutes.

Is Dogecoin (DOGE) a Good Investment?

Dogecoin is a fun concept but not a good investment. Two engineers from IT started the coin as a joke, not from a use case perspective. In fact, they never developed the coin to solve any relevant problems. The coin adds no value to the blockchain system.

The DOGE token provides no intrinsic value. Even the community supporting the coin likes that it mocks itself. Most of these supporters hold the coin only for its entertainment value. Dogecoin isn’t a good base investment because its popularity largely determines its value.

While the DOGE token can yield exciting short-term profits, it shouldn’t be your first choice for a long-term investment. You can buy a few tokens when the excitement builds around the coin and actively trade it to book your profit.

FAQs about Dogecoin (DOGE)

How Many Dogecoin (DOGE) Coins Are There?

There is no limitation to how many DOGE tokens miners can create. Currently, around 132.7 billion DOGE tokens are in circulation.

How Is Dogecoin (DOGE) Secured?

The Dogecoin (DOGE) is secured by the Proof of Work blockchain protocol, where miners solve mathematical algorithms to secure and validate the network.

What Can You Use Dogecoin (DOGE) For?

Dogecoin is a decentralized network, and you can use the DOGE tokens to trade and make a profit. In 2021, Mastercard added support for Dogecoin, through which you can now make purchases online or in stores.

Dogecoin News

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Best Dogecoin Wallets

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Dogecoin Analysis

Dogecoin (DOGE) Analysis Summary

Although Dogecoin was developed on the blockchain network, it has no intrinsic value or use case. This makes the DOGE token a high-risk investment. However, it was one of the best-performing cryptocurrencies in 2021. And its value has been steadily increasing due to social media buzz.

Since Dogecoin isn’t backed by solid technology, one can do nothing to prevent the cryptocurrency from crashing further. The relative strength index in the negative area and the moving averages pointing downwards indicates a bearish trend forward.

Even though Dogecoin isn’t a stable asset, analysts predict an upward trend for the coin between 2023 and 2030. A few factors influence the price and rise of the DOGE token. While the value of Bitcoin plays the most crucial role, Elon Musk’s tweets are second.

Since Dogecoin is only worth a few cents and has a billionaire backing it, many investors have put their money into it. With the proliferation of digital currencies, Dogecoin is expected to reach an average price of $0.77 by 2025. By 2030, DOGE is expected to be accepted as payment and trade for $1 on average.

Analysis Q&As

What is Dogecoin price today?

Dogecoin price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Dogecoin?

Dogecoin hit an all time high of [All High].

What was the lowest price for Dogecoin?

Dogecoin had an all time low of [All Low].

What was the 24 hours trading volume of Dogecoin?

The 24 hour trading volume of Dogecoin is [Volume].

Where can Dogecoin be traded?

You can trade Dogecoin on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Dogecoin in the market includes DOGE/USD, Dogecoin/CAD, Dogecoin/EUR, Dogecoin/GBP, and Dogecoin/AUD. Dogecoin is a token that is related to the ... categories.

What exchange is Dogecoin on?

Online traders can buy or sell Dogecoin (DOGE) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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Dogecoin Technicals

See Comparewise coin rating definitions for more information.

Dogecoin Price Statistics
Dogecoin Price Today

08/16/2022

Dogecoin Price

$22,014.48

Dogecoin Price Change (24H)

$22,014.48

Dogecoin Price (24H Low)

$22,014.48

Dogecoin Price (24H High)

$22,014.48

Dogecoin Price (All Time High)

$22,014.48

Dogecoin Market Cap

$22,014.48

Dogecoin Volume (24H)

$22,014.48

Dogecoin Circulating Supply

$121.3M

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