Dogecoin current price is $0.17.

$0.17

0.22% (24H)
Low $0.16
High $0.17
  • Market Cap $24.15 B
  • Volume $1.34 B
  • ATH $0.73
  • ATH(% Change) -77.14%
  • ATH Date 2021-05-08

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Date Price Volume MarketCap

Dogecoin current price is $0.17 with a marketcap of $24.15 B. Its price is 0.22% up in last 24 hours.

About Dogecoin

Dogecoin (DOGE) originated in 2013 as a unique and unconventional cryptocurrency compared to more serious ones like Bitcoin. Unlike Bitcoin, which aims for scarcity, Dogecoin is intentionally abundant – approximately 10,000 new coins are mined every minute, and there's no maximum limit on their total supply. This distinctive approach gives Dogecoin stock its character and sets it apart in the world of cryptocurrencies.

Let’s dive further 🙂

What is Dogecoin?

Dogecoin (DOGE), a decentralized and open-source cryptocurrency, stands out for its swift, efficient, and secure value transfer capabilities. Designed as a playful alternative to more serious counterparts like Bitcoin, Dogecoin gained popularity, becoming an accepted form of payment for goods and services by companies globally.

Originally a fork from Litecoin, Dogecoin, transcended its origins in 2021. Surpassing $80 billion in market cap, Dogecoin stock became one of the larger cryptocurrencies, despite its nominal per-coin value in pennies. This shift highlighted its significant impact on the crypto landscape and underscored its evolution beyond a lighthearted meme coin.

Dogecoin's journey mirrors the dynamism of the cryptocurrency space, not only for its technological foundations but also for the vibrant community that embraces its playful spirit. 

From its inception to its current status as a notable player in the market, Dogecoin showcases the diverse possibilities within the crypto realm. Investors often evaluate Dogecoin worth, recognizing its unique position and the influence of its engaging community in shaping its market standing.

History of Dogecoin:

Since its launch in December 2013, DOGE rapidly cultivated a robust online community and garnered mainstream attention, particularly in 2021. This surge in popularity was fueled by notable endorsements, including public support from Tesla founder Elon Musk. 

On May 8, 2021, DOGE achieved an all-time-high market cap of nearly US$88-90 billion, reaching a price of $0.70. This marked an astounding increase of almost 141,000% since its inception in 2013, momentarily securing its place among the world's top 10 cryptocurrencies.

In the early months of 2022, Ethereum co-founder Vitalik Buterin confirmed his involvement in assisting Dogecoin's transition from the current proof-of-work (PoW) to a proof-of-stake (PoS) crypto consensus mechanism. This strategic move aims to enhance Dogecoin's value and sustainability within the evolving crypto landscape.

This strategic move aims to reduce energy consumption and enhance transaction speeds, reflecting the cryptocurrency community's commitment to sustainability and efficiency.

Who Founded Dogecoin:

Back in 2013, two software engineers, Billy Markus and Jackson Palmer, teamed up to bring Dogecoin into the world. Their mission? To create a cryptocurrency that stood out as a fun and friendly alternative to the more serious ones out there. What set Dogecoin apart was its inspiration – the beloved "Doge" meme featuring a Shiba Inu dog, famous for its "such wow" catchphrase.

Dogecoin isn't like most other cryptocurrencies. It doesn't have a boss or an owner pulling the strings. Nope, it's what you call an open-source cryptocurrency. That means it's kind of like a community project, run by a bunch of volunteers who chip in to help it grow and spread good vibes. So, when you're using Dogecoin and wondering how to buy Dogecoin, you're part of this decentralized crew making things happen.

How Does Dogecoin Work?

Dogecoin operates on its blockchain and utilizes a mining system similar to Litecoin. Although DOGE can be considered a derivative of Litecoin, which itself is derived from Bitcoin, it distinguishes itself in various aspects. Unlike Bitcoin, designed for scarcity and inflation resistance, Dogecoin was intentionally created to be abundant. 

Approximately 130 billion DOGE are currently in circulation, with miners generating an additional 10K every minute. It's interesting to note that Dogecoin's developers haven't implemented any significant changes to the coin since 2015. This lack of alterations sets Dogecoin value apart in the crypto realm.

How To Buy Dogecoin On Etoro: Steps to Follow

Let's explore the step-by-step journey of buying Dogecoin on eToro. Here are the unfolding steps to begin your exciting Dogecoin journey.

Start with Signing Up: 

The initiation of your Dogecoin adventure commences with signing up for an eToro account—an expeditious process taking just a few minutes! Visit the eToro website, click "Join Now," input your name, and email, and establish a secure password. Wondering how to buy Dogecoin on eToro? Your registration is complete, setting the stage for your crypto journey

Complete Your Profile: 

After signing up, finish your profile by sharing a bit more about yourself. This includes personal details, financial status, and your trading experience. It might seem like a bit of paperwork, but it helps eToro follow the rules and keeps your investments safe.

Verify Your Identity: 

To beef up security, eToro needs to make sure you're you. Standard stuff in the crypto world! Verify your identity by providing a valid ID like a passport or driver’s license, plus proof of address. Once submitted, eToro's team checks and verifies your identity.

Deposit Funds: 

Now, let's get some funds into your eToro account. Pick your preferred method – they accept credit/debit cards, bank transfers, and e-wallets. Follow the instructions, keeping in mind eToro's minimum deposit requirement.

Hunt for Dogecoin: 

Your account is funded, time to find Dogecoin! eToro has a bunch of cryptocurrencies, so type “Dogecoin” in the search bar, and voila! You'll spot the Dogecoin trading pair and its current market price.

Place Your Order: 

Found Dogecoin? Great! Now, let's place your order. eToro offers different order types – market orders for buying at the current price and limit orders to set a specific buying price. Select the option that aligns with your style and objectives.

Keep an Eye on Your Investment: 

You’ve made your move, but the crypto world is lively! Keep tabs on your Dogecoin investment on eToro. Markets can be a bit crazy, so use eToro's tools. Set stop-loss orders to manage risks, take-profit orders to secure profits, and consider mixing up your crypto portfolio for a balanced approach.

How To Mine Dogecoin?

To mine Dogecoin, much like well-known cryptocurrencies such as Bitcoin and Ethereum, a secure process called mining is employed. Here's how you can join the mining adventure:

In the early days of Dogecoin, anyone with a computer could hop on the mining train. Thousands of computers globally engaged in a friendly competition to mine Dogecoin. This not only validated and processed transactions but also distributed millions of new coins each day. If you're curious about how to buy Dogecoin or keeping an eye on Dogecoin price, understanding its early mining dynamics adds an interesting layer to the crypto story

As Dogecoin gained popularity, the mining landscape evolved. Now, with increased competition, it's challenging for small-scale miners to use regular computers to keep up. The game has become more advanced. 

To mine Dogecoin profitably, a powerful graphics processor unit may help, but for optimal results, a specialized computer known as an ASIC is likely necessary. So, whether you're a casual miner or seeking more serious gains, the key is to gear up with the right hardware for the journey into Dogecoin mining.

Dogecoin Worth

Currently, the live price of Dogecoin stands at $0.080365 per DOGE/USD, reflecting its real-time value. The cryptocurrency has a current market cap of $11.47 billion USD, emphasizing its significant presence in the market. Over the last 24 hours, Dogecoin worth has experienced a trading volume of $288.60 million, underlining its active engagement within the crypto space.

Dogecoin's value has shown a slight decrease of -1.03% in the last 24 hours. Despite this, it remains resilient with a circulating supply of 142.69 billion, showcasing its widespread availability and usage.

Dogecoin Price History

As of now, Dogecoin is hanging out at $0.08 and holding the impressive title of the 10th spot in the crypto world. About 11.5 billion DOGE coins are circulating, making the total market cap a whopping 142.7 billion DOGE.

Over the past 24 hours, Dogecoin price added a little extra to its value – a cool $0.0008, to be precise. The past week has been treating Dogecoin well, with a friendly 3.88% increase. It's been on a positive vibe lately, showing some real potential. This might just be the right moment to consider jumping into the Dogecoin journey.

Zooming out to the last month, DOGE did some serious growing – a solid 13.7% increase, adding a decent $0.01 to its value. That's some impressive growth! If this trend keeps up, Dogecoin could become quite a stable asset. So, it might be worth keeping an eye on this rising star.

Dogecoin Price Prediction

The Dogecoin price predictions for 2024, as outlined by technical analysis, unfold an interesting story. The expected minimum cost of Dogecoin is estimated at $0.0517, setting a baseline for potential fluctuations in value. 

On the flip side, the more optimistic scenario envisions a maximum level of $0.0719, providing an upper limit for potential gains. Nestled between these extremes, the projected average trading price is around $0.0921. 

Notably, this forecast comes with a calculated Return on Investment (ROI) of -11.9%, underscoring the associated risks in Dogecoin's potential trajectory. Beginning with the uncertainties of the crypto market, these predictions offer a glimpse into the potential landscape of Dogecoin prices in 2024.

Dogecoin Price Prediction 2025

The projected prices for 2025 emerge with interesting insights. Based on previous analyses, there's a suggestion that Dogecoin's minimum price in 2025 could be around $0.1598. On the brighter side, an optimistic outlook presents a maximum expected price of approximately $0.1914. Balancing these extremes, the average trading price for Dogecoin in 2025 is predicted to settle around $0.1644.

Breaking down the monthly trajectory of dogecoin value, January begins the year with a minimum price of $0.0607, an average of $0.0981, and a maximum of $0.0819. As the months unfold, each presents a dynamic landscape of fluctuating prices. December wraps up the year with a potential high of $0.191. 

While these projections bring an intriguing element to Dogecoin's future, it's crucial to acknowledge the associated potential Return on Investment (ROI) of 134.6%, introducing a blend of risk and reward to the Dogecoin dimension.

As 2025 unfolds, investors are presented with a journey through various price landscapes. The potential ROI adds allure to the prospect, yet the ever-changing crypto terrain reminds us to navigate cautiously. These projections serve as a roadmap, but the market's twists and turns will ultimately shape the true trajectory of Dogecoin's prices in the upcoming year.

Dogecoin Price Prediction 2030

Look for a longer-term vision, as cryptocurrency experts paint a compelling forecast for Dogecoin's price in 2030. Projections suggest a trading range between $1.07 and $1.29, indicating a potential for substantial growth. 

Amidst these figures, the anticipated average cost of Dogecoin in 2030 is around $1.10, presenting a stable baseline for potential investments. What makes this outlook even more enticing is the calculated potential Return on Investment (ROI) of 1480.9%, signaling a substantial opportunity for those looking toward the future. 

As the crypto landscape evolves, these projections offer a glimpse into the potential prosperity that Dogecoin may bring to investors over the long haul. Investors often assess Dogecoin worth, considering its dynamic trajectory and the evolving market conditions.

Investment Risk of Dogecoin Stock:

Investing in crypto-assets (Dogecoin) carries risks, no matter the token you choose. Before taking the plunge, consider these fundamental risks:

Investment Uncertainty: 

The value of most crypto-assets can be as unpredictable as the weather. It might shoot up, but it could just as quickly take a nosedive. Be ready for the possibility of losing all the money you put in.

Limited Safeguards: 

Crypto assets operate in a somewhat Wild West - they're not heavily regulated. This means if things go south with your investments, you won't have the safety nets of the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) to catch you.

Complexity Alert: 

Crypto assets can be a puzzle to understand. Take the time to do your research. If something sounds too good to be true, it probably is. Simplify the complexities and avoid falling for promises that seem unrealistic.

Diversify Your Investments: 

Don't throw all your eggs into one investment basket. It's risky. Spread your money across different investments to reduce dependence on a single one. A general rule is to limit high-risk investments, like crypto-assets, to no more than 10% of your total investment. This way, you're not putting all your financial eggs in a single speculative basket.

Transparency Risk of Dogecoin Stock

The Dogecoin investment journey requires a keen awareness of the transparency risks associated with this unique cryptocurrency. 

Let’s explore the distinctive challenges that Dogecoin presents in terms of transparency, offering insights into potential obstacles for investors.

Unpredictable Price Movements: Understanding Dogecoin's Volatility

Dogecoin, often labeled as a meme coin, is characterized by significant and unpredictable price fluctuations. These movements, driven by social media trends and celebrity endorsements, defy traditional investment fundamentals, adding an element of uncertainty to the investment landscape. If you're exploring investment options and wondering how to buy Dogecoin, navigating its unique dynamics is essential for informed decision-making

Lack of Intrinsic Value: Dogecoin's Utility Questioned

Unlike conventional investments with clear utility, Dogecoin is criticized for its perceived lack of intrinsic value. Instead of being rooted in practical utility, its value hinges on community interest, online trends, and speculative trading. This absence of tangible utility raises concerns about the enduring worth of Dogecoin as a viable investment.

Vulnerability to Market Manipulation: Dogecoin's Susceptibility

Dogecoin's susceptibility to market manipulation is a legitimate concern for potential investors. The crypto market is not immune to schemes like 'pump-and-dump,' where prices are artificially inflated and swiftly followed by a crash. Dogecoin, given its status as a meme coin, may be more prone to orchestrated market maneuvers.

Limited Transparency: Dogecoin's Information Gap

Transparency is a crucial aspect of evaluating the credibility of any investment. Dogecoin, however, falls short in providing comprehensive information about its development teams, goals, and financials. The limited transparency complicates the task of accurately assessing the potential and credibility of Dogecoin as an investment option.

Emotional Impact: Navigating Investor Sentiment

Dogecoin has a notable tendency to evoke strong emotional reactions among investors, contributing to impulsive decision-making. Emotional trading activity can amplify losses, emphasizing the need for investors to approach Dogecoin with a rational mindset and strategic decision-making.

Frequently Asked Questions (FAQs):

What is the Dogecoin price today? (varying by market)

Currently, Dogecoin is priced at US$0.08074, and it experienced a trading volume of $300.11 million in the last 24 hours. Over this period, its value decreased by 1.58%. Compared to its highest point in the past week, which was $0.0879, it is currently down by 8.15%. 

On the positive side, it is 5.29% above its lowest point in the past week, which was $0.07668. Dogecoin's circulating supply stands at 142.69 billion DOGE. Stay updated on these figures to make informed decisions in the dynamic crypto market.

What is dogecoin used for?

Originally conceived as a playful joke, Dogecoin has surprisingly evolved into a versatile cryptocurrency with widespread popularity. Beyond its humorous origins, Dogecoin has found practical applications, serving as a means to make online purchases, generously tip content creators, and contribute to charitable causes. 

Impressively, Dogecoin has gained acceptance among merchants as a form of payment and is actively traded on various cryptocurrency exchanges, showcasing its unexpected journey from a lighthearted idea to a multifunctional digital asset in the crypto landscape.

Is it safe to buy Dogecoin on eToro?

Like any investment, getting Dogecoin on eToro has its risks. Cryptocurrencies can be unpredictable, with prices going up and down a lot. It's super important to know this and only invest money you're okay with not having.

Besides the ups and downs, think about the rules and safety stuff with cryptocurrencies. eToro follows rules, but you should still be careful. Use two-factor login and strong passwords to keep your investments safe.

Elon Musk and Dogecoin:

Elon Musk got everyone excited about Dogecoin in early 2021 by tweeting a funny DOGE meme. This led to a big rally and even a special appearance on Saturday Night Live. But after that, Dogecoin's value dropped a lot, despite Musk saying it would go up. Musk doesn't talk about it as much now, but his tweets still affect Dogecoin, even though its value went down by 70% from its highest point.

Is Dogecoin a good investment?

The forecast for Dogecoin's price carries a positive tone, hinting at a potential upswing shortly, possibly entering a bullish trend. However, it's essential to conduct your research diligently before making any investment decisions to ensure informed choices in the dynamic cryptocurrency market.

Can the price of Dogecoin rise?

The previous record suggests that Dogecoin's highest price reached $0.10 last year. Looking ahead for the next five years, there's a chance it could go up to $0.35046495. Remember, the market can go up and down, so it's smart to research before jumping into any investment, whether it's a project, network, or asset. Stay informed and make decisions that fit your financial goals.

What is the highest value of Dogecoin?

According to data, Dogecoin reached its all-time highest value at $0.74.