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DOGE
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1 DOGE = 0.1860 USD
Last updated 2024-03-05 10:32:32(UTC-0)

Dogecoin price live data summary

The live price of Dogecoin is $0.1860 per (DOGE / USD) today with a current market cap of $26.66B USD. The 24-hour trading volume is $7.89B USD. DOGE to USD price is updated in real time. Dogecoin is +14.48% in the last 24 hours. It has a circulating supply of 143,339,800,000 .

What is the highest price of DOGE?

DOGE has an all-time high (ATH) of $0.7376, recorded on 2021-05-08.

What is the lowest price of DOGE?

DOGE has an all-time low (ATL) of $0.{4}8547, recorded on 2015-05-07.

When is a good time to buy DOGE? Should I buy or sell now?

When deciding whether to buy or sell DOGE, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DOGE technical analysis can provide you with a reference for trading.
According to the DOGE 4h technical analysis, the trading signal is Strong buy.
According to the DOGE 1d technical analysis, the trading signal is Strong buy.
According to the DOGE 1w technical analysis, the trading signal is Strong buy.

Dogecoin price performance in USD

24h7d30d90d1yAll-time
+14.48%+94.68%+136.31%+80.90%+151.14%+33191.75%

Dogecoin price history in USD

TimeLowHigh
24h$0.1586$0.2054
7d$0.09461$0.2054
30d$0.07750$0.2054
90d$0.07497$0.2054
1y$0.05747$0.2054
All-time$0.{4}8547(2015-05-07, 8 years ago )$0.7376(2021-05-08, 2 years ago )

Dogecoin market information

Market capCombinedShapeIcon
$26,663,916,144.27
+14.48%
Fully diluted market capCombinedShapeIcon
$26,663,916,144.27
+14.48%
Volume (24h)CombinedShapeIcon
$7,885,613,327.53
+55.32%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+100.00%
24h volume / market capCombinedShapeIcon
0.2957
Circulating supplyCombinedShapeIcon
143,339,800,000 DOGE
Total supply / Max supplyCombinedShapeIcon
143.34B DOGE
-- DOGE
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Dogecoin ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Dogecoin Social Data

In the last 24 hours, the social media sentiment score for Dogecoin was 0, and the social media sentiment towards Dogecoin price trend was Bearish. The overall Dogecoin social media score was 21,123,652, which ranks 5 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,269,393 times, with Dogecoin being mentioned with a frequency ratio of 1.69%, ranking 5 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Dogecoin, with a total of Dogecoin mentions of 21,438. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 16%.

On Twitter, there were a total of 611 tweets mentioning Dogecoin in the last 24 hours. Among them, 9% are bullish on Dogecoin, 2% are bearish on Dogecoin, and 89% are neutral on Dogecoin.

On Reddit, there were 0 posts mentioning Dogecoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Dogecoin. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
21.12M(#5)
Social contributors(24h)
0
0%
Social mentions(24h)
21.44K(#5)
+16%
Social dominance(24h)
1.69%
Twitter
Tweets(24h)
611
+147%
Twitter sentiment(24h)
Bullish
9%
Neutral
89%
Bearish
2%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Dogecoin(DOGE)

What Is Dogecoin?

Dogecoin (DOGE) is the first and most popular meme coin. Founded in December 2013 by Billy Markus and Jackson Palmer, it started as a playful alternative to Bitcoin. Markus and Palmer decided to create a fun cryptocurrency that would appeal beyond the core Bitcoin audience. Hence, Dogecoin was born, bearing the image of the Shiba Inu dog from the popular "Doge" meme as its logo.

Dogecoin was created as a "joke" cryptocurrency, originally intended to satirize the hype surrounding digital money. It was named after the Doge meme, an internet sensation that features a Shiba Inu dog and multicolored Comic Sans text written in broken English. The meme's innocent humor and wide appeal made it the perfect vehicle for introducing a cryptocurrency to the masses.

Despite the fun-loving origin, Dogecoin, ironically, has a lot more use cases than the majority of crypto. Besides being accepted as a method of payment in places around the world, it is predominantly used as tips for online content creators and as donations for charities. For example, in 2014, the Dogecoin community joined hands to help Jamaica's national bobsled team join the Olympics, build a well in Kenya, and sponsor a NASCAR driver.

Dogecoin's popularity and value have witnessed notable surges, largely due to the influence of Elon Musk, the new CEO of SpaceX and Tesla. His frequent mentions and endorsements of Dogecoin on his personal Twitter account brought this cryptocurrency to the attention of his millions of followers. Notably, Musk disclosed plans to accept Dogecoin as payment for a forthcoming SpaceX mission, further amplifying the legitimacy and utility of this 'joke' cryptocurrency.

On April 20th, dog lovers and cryptocurrency enthusiasts alike will celebrate the unofficial holiday called Dogeday. The holiday has gained popularity in recent years, largely due to the rise of Dogecoin. While Dogeday is not an officially recognized holiday, social media platforms are usually inundated with memes, messages, and videos bearing the hashtags #Dogeday and #DogeDay420 on April 20th, as enthusiasts take to the internet to celebrate.

Resources

Whitepaper: https://github.com/dogecoin/dogecoin/blob/master/README.md

Official website: https://dogecoin.com/

How Does Dogecoin Work?

Dogecoin has its own blockchain. It is a fork of Litecoin and therefore uses the same Scrypt mining algorithm and Proof-of-Work consensus mechanism. DOGE miners need to use computers to solve complex mathematical puzzles to validate and record transactions on the blockchain in exchange for DOGE as a reward. DOGE is an inherent inflationary token because there is no hard cap to its total supply, and 10,000 coins are released every minute. This lack of a supply cap has helped maintain a relatively low price for Dogecoin, encouraging its use as a tipping system on the internet.

Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. It has also gained attention and significant growth due to high-profile endorsements and an active online community. Although it began as a joke, Dogecoin's community has used the currency to fund charitable and noteworthy causes.

Dogecoin's Market Influence

Dogecoin's influence in the cryptocurrency market has seen a steady expansion over the years. Originally conceived as a playful diversion, its value swiftly escalated, soaring from an initial US$0.00026 to US$0.00098 within a fortnight of its launch in December 2013. However, this bright start was quickly overshadowed by a massive hack on the Doge blockchain, resulting in the theft of tens of millions of Dogecoins. Rather than inducing despair, the incident unexpectedly catalyzed greater interest, leading Dogecoin to trend on Twitter and drawing a surge of newcomers into the ecosystem.

In response to the crisis, the Dogecoin community launched "Save Dogemas", a donation drive aimed at compensating those affected by the theft. The initiative's success was a testament to the robust community spirit that defines Dogecoin. In January 2014, the currency's value had almost doubled again, reaching US$0.0018. This period also saw Dogecoin further embracing its unique character by releasing an official online trailer. At the time of writing DOGE is priced at US$$0.06365.

What Determines Dogecoin's Price?

Understanding the factors that influence the Dogecoin price today is crucial for both seasoned and novice cryptocurrency investors. Initially launched as a meme cryptocurrency, Dogecoin has seen its value, or Dogecoin to USD exchange rate, fluctuate due to a variety of factors.

The Law of Demand and Supply

One of the primary determinants of Dogecoin's price is the law of demand and supply. Like any other asset, if the demand for Dogecoin (DOGE) is high and the supply is low, the price will naturally increase. Conversely, if there's an oversupply and low demand, the Dogecoin price will decline. This dynamic is influenced by both serious crypto investors and those who buy Dogecoin for fun, affecting the Dogecoin exchange rate in the broader crypto market.

The Elon Musk Effect and Media Influence

Another significant influence on Dogecoin's price is trending news and social media, often referred to as the "Elon Musk Dogecoin effect" due to the Tesla CEO's frequent tweets about the cryptocurrency. Headlines can create sudden spikes or drops in Dogecoin's value, affecting Dogecoin price predictions and leading to volatile Dogecoin price charts. For example, announcements about Dogecoin being accepted for payment by major companies or being listed on prominent cryptocurrency exchanges can surge its market cap. Conversely, negative news like regulatory crackdowns in major markets such as China can adversely affect Dogecoin price analysis and its future price.

Unlimited Supply: An Important Factor

Moreover, the Dogecoin price history shows that it has a much higher supply compared to Bitcoin, which is capped at 21 million coins. Dogecoin's unlimited supply means that it's considered an "inflationary" cryptocurrency, which can lead to lower prices in the long term unless demand significantly increases. This aspect is crucial for investors to consider when looking at Dogecoin price predictions and deciding whether to buy Dogecoin or sell Dogecoin.

The current Dogecoin price is shaped by a complex interplay of demand and supply, media influence—particularly from figures like Elon Musk—and its unlimited supply. Whether you're looking to invest in Dogecoin or just curious about its price fluctuations, keeping an eye on these factors can provide valuable insights into Dogecoin's price today and its potential future price in the ever-evolving crypto market.

Conclusion

In conclusion, Dogecoin stands as a vibrant testament to the fascinating, unpredictable world of cryptocurrencies. What started as a playful jest has remarkably evolved into a pivotal force in the digital currency sphere. From its inception as a meme to becoming a cryptocurrency with diverse use-cases, its narrative is imbued with community resilience, celebrity endorsements, and pragmatic responses to challenges. Whether it's used for tipping online content creators or empowering charitable initiatives, Dogecoin has solidified its place as more than just a whimsical novelty. Priced at US$0.077 at the time of writing, the story of Dogecoin is a testament to the dynamism, resilience, and potential that underpin the exciting domain of cryptocurrencies.

Related Articles about Dogecoin

What is Dogecoin (DOGE)?

Make Way! It’s Dogeday!

How to buy Dogecoin (DOGE)

Buying Dogecoin on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Dogecoin (DOGE) .

Trade DOGE perpetual futures

After having successfully signed up on Bitget and purchased USDT or DOGE tokens, you can start trading derivatives, including DOGE futures and margin trading to increase your income.

The current price of DOGE is $0.1860, with a 24h price change of +14.48%. Traders can profit by either going long or short onDOGE futures.

Join DOGE copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DOGE tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Dogecoin.

What is the current price of Dogecoin?

We update our Dogecoin to USD price in real time. Get the live Price of Dogecoin on Bitget.

What is the 24 hour trading volume of Dogecoin?

Over the last 24 hours, the trading volume of Dogecoin is $7.89B.

What is the all-time high of Dogecoin?

The all-time high of Dogecoin is $0.7376. This all-time high is highest price for Dogecoin since it was launched.

Can I buy Dogecoin on Bitget?

Yes, Dogecoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Dogecoin guide.

Can I get a steady income from investing in Dogecoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Dogecoin with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is the history of Dogecoin (DOGE)?

Dogecoin was introduced in December 2013 as a fun and light-hearted alternative to Bitcoin. It was created by software engineers Billy Markus and Jackson Palmer as a satirical homage to a popular internet meme featuring a Shiba Inu dog. Instead of becoming just another meme or short-lived internet phenomenon, Dogecoin quickly developed a passionate community. The coin's user-friendly approach and charitable endeavors differentiated it from other cryptocurrencies. For example, in 2014 alone, the Dogecoin community joined hands to help Jamaica's national bobsled team join the Olympics, build a well in Kenya, and sponsor a NASCAR driver. While it has faced considerable price fluctuations—often driven by social media and celebrities—it remains a prominent name in the cryptocurrency space.

Why does Dogecoin's price fluctuate so much?

Dogecoin's price volatility results from various factors: market demand, media buzz, technological evolution, regulation changes, and the broader crypto market mood. Its meme origins can magnify these fluctuations, especially when influenced by influential figures on social media.

Why is the price of Dogecoin (DOGE) so low?

Dogecoin has a large circulating supply, contributing to its lower price as part of its tokenomics strategy. The lower price makes it more accessible to a broader range of investors. However, a low price doesn't mean a good investment. It's crucial to check its market cap, utility, and community support.

Will Dogecoin (DOGE) reach US$1?

Dogecoin's prospects of reaching US$1 face several challenges:
- Supply Concerns: Dogecoin has an unlimited supply, unlike Bitcoin's capped amount. This means a constant addition of new coins, around 5 billion annually, which could lower its price if demand doesn't keep up.
- Limited Use: Dogecoin is mainly used for payments, lacking the diverse applications other cryptocurrencies offer.
- Price History: Past price surges, like its 2021 peak, were more due to social media buzz than actual utility.
- Market Downturn: The overall crypto market has seen reduced interest recently, impacting all digital assets.
- Bitcoin Rivalry: Dogecoin competes directly with Bitcoin, which is more established and widely adopted.
- Valuation Issues: Hitting US$1 would give Dogecoin a market cap higher than many major companies, a tough feat without a major boost in its utility.
However, several factors could bring Dogecoin's price to US$1:
- Musk's Influence: Elon Musk's endorsements have often lifted Dogecoin's value. More support, especially from platforms like X (previously Twitter), could raise its price.
- Institutional Interest: If big financial players invest in Dogecoin, it could gain more legitimacy and demand.
- Growing Adoption: More businesses, like AMC Entertainment, accepting Dogecoin can enhance its utility and demand.
- Regulatory Support: Positive stances from governments and regulators can boost its adoption and demand.
- Tech Upgrades: If Dogecoin's team enhances its platform, it could draw more investors and users.
Like all investments, there are risks involved, and it's essential to do thorough research and possibly consult with financial advisors before making any investment decisions.

Is Dogecoin (DOGE) a good investment?

Dogecoin, created in December 2013 as a light-hearted alternative to Bitcoin, has experienced a roller-coaster ride in terms of its value. Historically, its price remained below one cent for several years, but 2021 saw a meteoric rise. By May 2021, Dogecoin peaked at around $0.69, from around $0.0047 at the start of the year, marking an increase of over 14,500% in just a few months. This remarkable surge was largely influenced by social media, celebrity endorsements, notably by figures like Elon Musk, and an energetic online community. However, it's essential to underscore the inherent volatility in Dogecoin and other cryptocurrencies. Unlike Bitcoin, which has a finite supply, Dogecoin's infinite supply model, with 10,000 new coins mined every minute, introduces potential inflationary pressures. Additionally, while its growing adoption for online tipping, charitable actions, and even payments is promising, it's influenced by various external factors, including regulatory developments and macroeconomic shifts. Given these considerations, while Dogecoin has demonstrated periods of lucrative returns, it also includes significant risks. Investors should thoroughly evaluate their risk tolerance, conduct diligent research, and possibly consult with financial professionals before diving into the Dogecoin market or any other investment.

Can I mine Dogecoin (DOGE)?

Yes, Dogecoin is minable. Unlike some altcoins with limited supply, 10,000 Dogecoin are mined every minute without a cap. Miners use computational resources to solve problems, and upon solving, they add a block to the blockchain and earn Dogecoin.
Cryptocurrency investments, including buying Dogecoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Dogecoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Dogecoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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