Digital Assets
Dogecoin
Wallet
info

Dogecoin

DOGE
Key Metrics
Dogecoin Price
$0.095329
3.02%
Change 1w
5.77%
24h Volume
$476,707,638
Market Cap
$13,904,840,036
Circulating Supply
145,857,326,383

What is Dogecoin?

Dogecoin is a cryptocurrency that originally started off as a joke but has since become one of the biggest coins that has acquired a large number of followers. Dogecoin was developed in 2013 by computer programmers Billy Markus and Jackson Palmer, who were inspired by a well-known meme known as "Doge," which featured a Shiba Inu dog. Dogecoin, despite its satirical inception, has a huge online following and usage among the crypto community. Dogecoin is considered the first meme coin.

What Problem Does Dogecoin Solve?

Originally, the purpose of creating Dogecoin was to mock the wave of altсoins. Instead, it has turned out to be useful in day-to-day transactions such as tipping creators of online content and small-scale payments. Because of low transactional charges as well as short time between blocks generation, Dogecoin is well-suited for such tasks.

Why Does the Crypto Market Need Dogecoin?

There are various benefits that the crypto market gets from having Dogecoin: The Dogecoin community is very active and strong, which helps in the adoption of other tokens and creating new ones. Dogecoin is perfect for small payments or tipping because it's faster and has lower fees than other cryptocurrencies​​. The Dogecoin community helps raise funds for good causes and charities​​.

History of Dogecoin

It was on December 6, 2013, when Dogecoin came into the world as a "fun and friendly internet currency." The association with the viral Doge meme made it gain popularity within a short period; hence, it sponsored the Jamaican bobsled team, among other social responsibilities. Dogecoin is considered the first meme token and the first "doge" coin.

Who Created Dogecoin?

Billy Markus, a software engineer from Portland, Oregon and Jackson Palmer, a product manager at Adobe Systems in Sydney, Australia are the creators of Dogecoin. Their goal was to develop a crypto that is enjoyable and humorously different from other cryptocurrencies meant for technical wizards' only.

How is Dogecoin Connected to Elon Musk?

Elon Musk is one of the major reasons why Dogecoin has gained so much popularity. This has come through his series of tweets as well as public endorsements, which have generated hype around this particular cryptocurrency. His backing has been so powerful that, on various occasions, it led to sharp Dogecoin price fluctuations. There have even been discussions by Musk to integrate Dogecoin in some space missions organized by his company SpaceX.

What Technology Does Dogecoin Use and How Does it Work?

Dogecoin is built on Litecoin block chain, employing Proof of Work (PoW) consensus mechanism. It uses Scrypt algorithm, thus it is less resource consuming as opposed to Bitcoin's with SHA-256 algorithm. Given that it has one minute block time, transactions in Dogecoin network are confirmed immediately unlike Bitcoin which has ten minutes block time hence very slow.

How is Dogecoin's Price Formed?

The value of Dogecoin, such as any other cryptocurrency, is established by market demand and supply. Among these price determining elements are social media hype, market sentiment, public interest and endorsement (especially from people like Elon Musk), positive press, as well as general crypto trends.

How Many Tokens of Dogecoin Are There?

Over 144 billion Dogecoin are available in circulation at the moment.

What is the Maximum Supply of Dogecoin?

Dogecoin has no maximum supply limit. It is designed to keep the network and miners active and incentivized by being inflationary in nature.

What is Dogecoin Utility?

Dogecoin is used to tip content creators on Reddit, Twitter (X), and other similar platforms. Dogecoin also serves as a donation and crowdfunding campaign. Its speed of processing and low fees make Dogecoin perfect for small transactions.

Tokenomics of Dogecoin

Dogecoin has an inflationary model with around 5 billion new coins added each year. This model ensures a constant flow of new coins for network operation and miner reward but also exposes Dogecoin to devaluation through inflation as time progresses.

What is the All-Time High and All-Time Low for Dogecoin?

On May 8, 2021, Dogecoin topped its all-time high of about $0.7316, thanks to an increased interest and endorsement by some notables like Elon Musk. The lowest price ever was recorded at around $0.000086 on May 6, 2015.

Where to Buy Dogecoin?

Dogecoins are available to buy on almost all crypto exchanges includining the giants like Binance, Coinbase, Kraken and Bitfinex.

Who Invested in Dogecoin at an Early Stage?

Dogecoin's early adoption was mainly influenced by an enthusiastic community rather than by institutional investors, but eventually, it attracted the attention of retail investors and has found some prominent personalities from technology circles, like Elon Musk being involved.

What Are the Revenue Streams of Dogecoin?

Although Dogecoin does not generate any revenue, but it produces an opportunity for miners to earn from transaction fees and rewards for mined blocks. Additionally, developers and influencers who promote and build on the Dogecoin ecosystem may generate revenue through different donations, partnerships, and promotional activities.

Dogecoin info
githubreddittwitterfacebookdogecoin.com
Categories
meme_tokens
Latest News
Show All News
Ditch Meme Coins, Go For AI and RWA Tokens, Says Famous Expert
Sep 02, 2024
The crypto world is abuzz with memecoins. They're the only sector booming this Bitcoin halving cycle. It's like déjà vu from the GameFi craze last time round. But here's the rub: memecoins might not be the golden ticket to a bull run. For the market's long-term health, new investors should look elsewhere. Real-world assets (RWAs) and artificial intelligence (AI) offer more sustainable prospects. Memecoins are crypto's answer to meme stocks. Think Dogecoin and Shiba Inu – the OGs of the bunch. They've come a long way, says Evan Luthra, a guest columnist for Cointelegraph and crypto entrepreneur. The numbers are eye-popping. In March, there were about 2,000 memecoin projects. By August, the Solana-based platform PumpFun hosted 1.7 million tokens. That's growth on steroids. Binance dropped a bombshell in June. Memecoins had skyrocketed nearly 600% year-to-date. That's 10 times Bitcoin's gains. High speculation and celeb backing fueled the frenzy. Social media went nuts, with mentions up over 50%. Celebrities jumped on the bandwagon. Iggy Azalea, Andrew Tate, Jason Derulo – they all have their own tokens now. Even seasoned investors got FOMO. I plonked down $100,000 on JASON and MOTHER. You live and learn, right? But here's the million-dollar question: Are memecoins sustainable? The party's been fueled by short-term thinking. Quick gains are the name of the game. FOMO is driving the bus. The numbers are bonkers. Memecoins outperformed RWAs by 4.6 times in Q1 2024. But don't get too excited. One report showed 97% of memecoins ever created are now dust. Over 2,000 bite the dust monthly. It's a crypto graveyard out there. Real liquidity catalysts are needed. RWAs and AI fit the bill. They're not just hype – they've got staying power. RWAs tokenize real assets on blockchain. AI's set to be a $297 billion market by 2027, growing at 19.% annually. The bottom line? Memecoins are fun, but they're not the future. Tokenizing trillions in real estate and art will do what memes can't. AI-powered projects bringing authenticity and automation to blockchain? That's the real deal. These sectors will drive the next bull market. Bet on it.
Meme Coin Weekly Watch: DOGE Dips, PEPE Pops, MOG Had Wild Ride
Jul 13, 2024
The meme coin market experienced significant turbulence this week. Top tokens saw dramatic price fluctuations. News events and community actions drove these changes as always, but meme coins also took heavy hits from the outside world. Dogecoin (DOGE) stumbled initially. An Elon Musk tweet failed to spark enthusiasm, causing a 5% drop. But rumors of an e-commerce partnership reversed the trend. DOGE closed the week up 3%. Shiba Inu (SHIB) made a strong comeback. A new DeFi integration announcement propelled it up 12%. Enthusiastic community support pushed SHIB to new weekly highs. Pepe (PEPE) was the week's most stable performer. It surged 18% after launching a new NFT collection. This move tapped into investor nostalgia and excitement. Then it went back to its usual positions. A newcomer, dogwifhat (DOGWH), turned heads with a 15% fall, that followed an amazing 20% jump. Viral social media posts fueled its rise. Fresh investors piled in, drawn by the buzz. Bonk (BONK) had a solid week, climbing 4%. A successful community giveaway event drove the increase. It showcased the power of grassroots initiatives in the meme coin space. Floki (FLOKI) went on a wild ride. A Viking-themed marketing campaign initially boosted it 7%. Profit-taking then led to a 5% dip. FLOKI still ended slightly up for the week, as vikings never surrender, you know. Brett (BRETT) saw a 10% uptick, and then rolled down for 3%. New partnerships with emerging crypto platforms enhanced its appeal. The vocal Brett community played a key role in sustaining momentum. Mog Coin (MOG) truly went through the wringer. It dropped 10% on negative sentiment, then rebounded 15% after launching a staking feature. Talk about a rollercoaster! Book of Meme (BOM) steadily gained 4%. Small but positive platform updates drove its performance. BOM's consistency continued to attract new investors. We love stability, of course. And we lack it so desperately. Dog (Runes) faced headwinds, dropping 8%. Market corrections and regulatory concerns were to blame, no doubt. Yet, the community remained upbeat about future developments. To sum up, this week's events highlight the meme coin market's unpredictability that goes far beyond the ordinary altcoins. But that's why we love meme coins, right? They are insanely fun and insanely risky. That's probably not what Satoshi intended for us, but who says we can't have fun while Daddy is away.
Dogecoin Whales Turn Bearish, Reducing Holdings to 41.3% of Supply
Jun 20, 2024
Dogecoin whales have been shaving off their holdings over the past year, on-chain data shows. Usually, it's a bearish sign. But in case of Dogecoin there is a catch. Market intelligence platform IntoTheBlock shared some interesting data. It turns out that DOGE whales have lost supply share to other holder groups recently. Each of the so-called whales carry over 1% of all DOGE circulating supply in their balance. A year ago the whales controlled 45.3% of DOGE. Now they've got only 41.3% at their disposal. Retail and mid-sized investors now hold a larger share of the total supply, analysts explain. As for these definitions, mid-size investors are those having between 0.1% and 1%. Retail investors are the small fish with 0.1% and less. On one hand, the whales’ reduced holdings suggest that big investors have lost interest in Dogecoin. That's a clearly bearish sign. Whales are the most influential users of the token. Their collective behavior might sometimes directly impact the price. On the other hand, the redistribution of the supply to smaller holders could be positive for the health of the DOGE ecosystem. Blockchain is supposed to be decentralized by its nature. Many blockchain purists are angry with the global processes occuring in Bitcoin mining or Ethereum staking. The former is getting occupied by just a couple of large mining companies. The latter is endangered by huge entities, having more than half of ETH staked under their control. So for Dogecoin, becoming less centralized means getting more charm in an old fashioned blockchain way.
More Articles About Dogecoin
Show All Articles
Meme Coin Weekly Watch: WIF and BOME Are Fine, Others Slide Down
Sep 08, 2024
This week, meme coins have shown a mix of developments, with almost no significant price movements. But in the end, most of the meme coins failed to fulfill the hopes of the fans. Here’s a quick breakdown of the top 10 meme coins and their recent news. Dogecoin (DOGE) Dogecoin, the original meme coin inspired by the Shiba Inu dog meme, has become a cultural phenomenon and cryptocurrency mainstay. Nothing hints at its popularity possible decline, as of now. DOGE has attracted a devoted following and even caught the attention of high-profile figures like Elon Musk, the man who likes odd things, you know. Dogecoin saw a modest gain at the beginning of this week, but ended on a lower note (-4%). While the rise and fall weren't dramatic compared to some other meme coins, DOGE remains a leader in the meme coin space, benefiting from increased trading volumes as speculators jumped back into the market. Shiba Inu (SHIB) Often dubbed the "Dogecoin killer," Shiba Inu emerged as a decentralized meme token ecosystem built on Ethereum. SHIB has grown beyond its meme status, offering DeFi solutions and NFTs within its ecosystem. Shiba Inu held steady with a just a small decline at the end of the week (-5%), demonstrating resilience in a fluctuating market. SHIB continues to be one of the most popular meme coins, riding the wave of renewed interest in dog-themed coins. Pepe (PEPE) Pepe coin, inspired by the infamous Pepe the Frog meme, quickly rose to prominence in the crypto world. Its sudden popularity highlights the unpredictable nature of meme coins and their ability to capture the zeitgeist of internet culture. Pepe was one of the standout performers this week. The token's surge was supported by a massive 90% increase in trading volume, reaching $1.5 billion in transactions. But it couldn't make it against the stream, declining in price by the end of the week (-8$). Dogwifhat (WIF) Dogwifhat, featuring a Shiba Inu wearing a hat, emerged as a quirky addition to the meme coin landscape on the Solana blockchain. Its rise demonstrates the ongoing appetite for dog-themed cryptocurrencies and the growing influence of the Solana ecosystem in the meme coin space. Dogwifhat showed a strong week, being the only coin in the top 10 in the green (+1%). This Solana-based token saw a significant uptick in trading volume as it continues to gain traction among meme coin investors. Floki (FLOKI) Named after Elon Musk's Shiba Inu puppy, Floki aims to combine meme coin appeal with real-world utility. The project has ambitious goals, including developing a metaverse and educational platform. Floki kept stability throughout the week, falling just for 4%. This has been driven by continued marketing and community efforts. Bonk (BONK) Bonk emerged as Solana's answer to the dog-themed meme coin craze, quickly gaining traction within the Solana ecosystem. Its rapid rise highlighted the growing competition between different blockchain platforms in the meme coin space. Bonk performed very similarly to other meme coins. Solana-based coin experienced a 5% decline by the end of the week. Despite market volatility, Bonk seems to be able to secure its position among top meme coins. Brett (Based) Brett, also known as Based, represents a new wave of meme coins that aim to capitalize on internet culture and cryptocurrency trends. Its name and branding play on popular crypto slang, appealing to a niche but enthusiastic audience. Brett had a quieter week compared to its competitors, with no significant news, but somehow managed to plummet (-11%). Anyway, the coin continues to attract attention as a newer entrant. Dogs (DOGS): Dogs token aims to leverage the broad appeal of canines in the meme coin space. It seeks to differentiate itself by focusing on the general concept of dogs rather than a specific breed or character. Dogs fell sharply (-18%) this week. It remains a relatively small player in the meme coin space but continues to grow slowly as traders seek new opportunities. Popcat (SOL) Popcat, inspired by the viral Popcat meme, brings feline charm to the Solana meme coin ecosystem. It represents the diversification of meme coins beyond dog themes, tapping into the internet's love for cat content. Popcat has had a slower week compared to other meme coins. While its price remained relatively flat (-7%), it's still a coin to watch as traders continue exploring lesser-known meme tokens. Book of Meme Book of Meme positions itself as a chronicle or collection of meme culture within the cryptocurrency space. It aims to capture the essence of various internet memes and trends in token form. Book of Meme saw minimal movement this week, with no major price fluctuations (-1%) or news. However, it remains a part of the broader meme coin narrative as these tokens continue to captivate investor interest.
Meme Coin Weekly Watch: DOGE and SHIB Go Down, While WIF and BOME Plummet
Sep 01, 2024
This week, meme coins have shown a mix of developments, from price surges to legal victories. But in the end, meme coins failed to fulfill the hopes of the fans. Here’s a quick breakdown of the top 10 meme coins and their recent news. Dogecoin (DOGE) has had a notable week following a court decision in favor of Elon Musk, clearing him of allegations related to Dogecoin manipulation. The dismissal of this $258 billion lawsuit led to bullish sentiment around DOGE, with analysts predicting a potential 15% price surge. Furthermore, Musk hinted at reintroducing Dogecoin as a payment option for Tesla merchandise, sparking further optimism in the community. Yet, none of this helped to maintain the previous weeks gains. DOGE went down significantly (-10%). Not the worst result in our list. But still painful for the majority of investors. Shiba Inu (SHIB) continues to be a hot topic due to its ongoing ecosystem development. The community has been buzzing about the upcoming launch of Shibarium, a layer-2 blockchain designed to enhance SHIB’s scalability and reduce transaction costs. Although the price of SHIB has seen fluctuations (-9%), the anticipation around Shibarium has kept the community engaged. Some say this might be one of the most exciting project in the blockchain these days. Pepe (PEPE) has gained significant traction due to its offshoot, Pepe Unchained, raising over $11 million in presale funds. This new layer-2 meme coin aims to overcome the limitations of the original PEPE by offering lower transaction costs and faster speeds. The excitement around Pepe Unchained has sparked discussions about its potential to dominate the meme coin sector. Yet, this week ended with sharp falling for Pepe (-16%). Dogwifhat (WIF) has been relatively quiet this week with no major news releases, but made headlines with significant price movements (-22%). The coin remains a speculative asset within the meme coin category, primarily driven by community-driven hype rather than fundamental developments. Though it is exactly what some meme coin fans are looking for. Floki (FLOKI) continues to leverage its strong community support. This week, Floki developers announced plans to conquer DeFi, as some platforms plan to integrate Floki as a utility token within its ecosystem. This development has sparked renewed interest in Floki, although the price movement has been somewhat disappointing (-14%). Bonk (BONK) has seen a slight uptick in its market activity due to a recent community-driven campaign to burn a significant portion of its supply. The burn aims to increase scarcity and potentially drive up the token’s price. However, the impact on the market has been minimal so far, with the price going down in line with the overall market (-18%). Brett (Based) has seen some volatility this week. The token experienced a brief surge in price following viral tweets from some crypto influencers. However, the surge was short-lived, and Brett’s price has since synchronized with the market (-19%), highlighting the speculative nature of meme coins driven by social media hype. Dogs (DOGS) has seen a decrease in trading volume this week, with no significant news or developments. The community remains active, but the lack of major updates has resulted in a subdued market performance with no significant price changes. Popcat (SOL): Popcat, a meme token on the Solana blockchain, has been gaining traction thanks to a new game integration that rewards players with Popcat tokens. This integration has helped boost interest and trading volume, although the price this week was nothing to write home about. With a significant decline (-25%) Popcat is one of the worst performers in the meme coin segment. Book of Meme (BOMO) remains in the niche category of meme coins with limited news. This week, the project announced a series of giveaways to increase engagement and attract new users. Despite these efforts, the price of the meme coin was nothing but disappointment (-21%).
Meme Coin Weekly Watch: WIF and BRETT Fall Sharply, Others Decline Gracefully
Aug 18, 2024
Another thrilling week for meme coins. It's a rollercoaster that never ends. At least for the top 10 meme coins, showcasing the volatility and speculation that define this corner of the crypto market. Here's what went down with your favorite tokens. Dogecoin (DOGE) had its ups and downs, at one point going up so sharply, it gave hope for a real rebound, driven largely by renewed interest from retail investors and a flurry of trading activity. It seemed the iconic meme coin, which has seen its fair share of ups and downs, continues to benefit from the broader bullish sentiment in the crypto market. But the week ended with a rather sad decline (-6%). Dogecoin's developers have also been working on updates to improve the coin's functionality, including security enhancements and API improvements. Shiba Inu (SHIB) also had a strong showing at some point. And then dived (-7%). The token's price has been buoyed by its ongoing burn strategy, which has reduced its circulating supply significantly. The introduction of Shibarium, Shiba Inu’s Layer 2 solution, has sparked bullish sentiment among its community, helping the token to maintain its position as one of the top-performing meme coins on Ethereum. Will it last? We'll see. Pepe (PEPE) isn't doing even near as good as fans have hoped. It went down significantly (-13.9%). And yet, this frog-themed meme coin continues to capture the imagination of investors, with its market cap now exceeding $5 billion. Hopefully, the spike in PEPE's price will be attributed to substantial market inflows and the broader momentum in the meme coin sector. Dogwifhat (WIF) was miserable, to say the least. A jaw-dropping 23% decline is difficult to explain simply mentioning market volatility. The Solana-based token, inspired by a viral image of a Shiba Inu wearing a pink hat, has quickly become a favorite among traders. The hopes were so high. Its decentralized governance model and strong community engagement have only added to its appeal. But WIF has been performing poorly recently not living up to investors' expectations. Bonk (BONK), another Solana-based meme coin, also experienced steady decline (-13%). Bonk has a vast audience of crypto believers thanks to its unique positioning within the Solana ecosystem. The coin's trading volume surged in the past few weeks, reflecting increased investor interest. That might be a good sign. Floki (FLOKI) enjoyed a moderate decline (-13%) rise, driven by a combination of market optimism and key developments within its ecosystem. Floki's diverse range of features, including a play-to-earn game and staking options, has helped it gain traction among crypto enthusiasts. Its market cap now stands at over $1.8 billion, making it a serious contender in the meme coin space. Many experts say Floki has not yet shown its true ability to withstand market fluctuations. Brett (Based) and Book of Meme (BOME) have been relatively quiet compared to the troublesome performances of their counterparts. However, both coins have seen modest decline as they continue to build their respective communities and develop use cases within the crypto space. DeXe (DEXE), a governance token for decentralized finance (DeFi) applications, is a very unusual type of a meme coin (not everyone agrees with such a definition) but has nonetheless been caught up in the broader market's positive sentiment. The token has seen a steady increase in value lately as investors seek exposure to DeFi-related assets. Last weeks decline was almost negligible for DEXE (-6%). At least in comparison to some other coins in our list. Finally, Popcat (SOL), the Solana-based token inspired by the popular internet meme, has crashed painfully (-32%). While not as explosive as some of the other coins, Popcat has a loyal following and continues to be a popular choice for meme coin enthusiasts on the Solana network. Will this sharp decline influence this sentiments remains to be seen.