Dogecoin logo

Dogecoin

DOGE

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Meme coins

‘Meme coins’ (e.g. DOGE, ) are crypto-assets whose value is driven primarily by community interest and online trends.

Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods. The value of meme coins can be influenced by social media trends, celebrity endorsements, and other factors unrelated to traditional investment fundamentals.

Lack of utility: Meme coins often lack intrinsic value or utility, being primarily driven by community interest, online trends, and speculative trading.

Market manipulation: Meme coins may be susceptible to increased risk of market manipulation including ‘pump-and-dump’ schemes, where the price is artificially inflated followed by a sudden crash.

Lack of transparency: Meme coins may have limited available information about their development teams, goals, and financials. This lack of transparency can make it challenging to assess the credibility and potential of a meme coin accurately.

Emotional investing: Meme coins often garner strong emotional reactions from investors, leading to impulsive decisions. Emotional trading activity can amplify losses.

About Dogecoin

Dogecoin (DOGE) was created in 2013 as a lighthearted alternative to traditional cryptocurrencies like Bitcoin. The Dogecoin name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which is designed to be scarce, Dogecoin is intentionally abundant — 10,000 new coins are mined every minute and there is no maximum supply.

Dogecoin (DOGE) was created as a lighthearted alternative to traditional cryptocurrencies like Bitcoin in 2013. The name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant — with 10,000 new coins mined every minute and no maximum supply.

For most of its existence, Dogecoin (pronounced “dohj coin”) was considered to be an amusing “memecoin” beloved by its community — but with relatively little value. That changed in 2021, when DOGE became one of the larger cryptocurrencies by market cap — with a total value that topped $80 billion in 2021, even though each individual coin is worth pennies.

Like more prominent cryptocurrencies, including Bitcoin and Ethereum, Dogecoin is also secured by mining. Thousands of computers around the world compete to mine Dogecoin in order to share the millions of new coins added to the supply per day, while also validating and processing network transactions.

Early in Dogecoin’s history, any computer could be useful for mining DOGE. As its popularity has surged however, mining competition has increased, making it difficult for small-scale miners with regular hardware. With a powerful graphics processor unit, a miner may be able to earn Doge, however a more powerful, specialized computer called an ASIC is likely necessary in order to mine profitably.

In 2021, Dogecoin experienced a significant price run-up as personalities like Mark Cuban, Snoop Dogg, and Elon Musk expressed their interest in Dogecoin. Musk even went so far as to joke, “​​The most entertaining outcome and the most ironic outcome would be that dogecoin becomes the currency of Earth in the future.”

You can buy, sell, hold, send, and receive DOGE using Coinbase and a number of other financial technology companies.

Released: December 2013

Market

United Kingdom Market Stats

Market cap

£19.1B

Volume (24h)

£1.7B

Circulating supply

144.4B DOGE

Typical hold time

85 days

Popularity

#8

All time high

£0.58

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.51%

Price change (1d)

+5.37%

Price change (1w)

+7.83%

Price change (2w)

+15.94%

Price change (1m)

+12.06%

Price change (1y)

+131.09%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Guides

Coinbase Bytes

Dogecoin is on the rise this week.

The price of Dogecoin has increased by 0.51% in the last hour and increased by 5.37% in the past 24 hours. Dogecoin’s price has also risen by 7.83% in the past week. The current price is £0.13 per DOGE with a 24-hour trading volume of £1.67B. Currently, Dogecoin is valued at 76.99% below its all time high of £0.58. This all-time high was the highest price paid for Dogecoin since its launch.

The current circulating supply of Dogecoin is 144,434,426,383.705 DOGE which means that Dogecoin has as total market cap of 144,434,426,383.705.

FAQ

What is the current price of Dogecoin?

We update our Dogecoin to GBP currency in real-time. Get the live price of Dogecoin on Coinbase.

What is the market cap of Dogecoin?

The current market cap of Dogecoin is £19.14B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Dogecoin?

The all-time high of Dogecoin is £0.58. This all-time high is highest price paid for Dogecoin since it was launched.

What is the 24 hour trading volume of Dogecoin?

Over the last 24 hours, the trading volume of Dogecoin is £1.67B.

What other assets are similar to Dogecoin?

Assets that have a similar market cap to Dogecoin include BNB, Solana, XRP, and many others. To see a full list, see our comparable market cap assets.

How many Dogecoin are there?

The current circulating supply of Dogecoin is 144 billion.

What is the typical holding time of Dogecoin?

The median time that Coinbase customers hold Dogecoin before selling it or sending it to another account or address is 85 days.

What is the relative popularity of Dogecoin?

Dogecoin ranks 10 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Dogecoin?

Currently, 97% of Coinbase users are buying Dogecoin. In other words, 97% of Coinbase customers have increased their net position in Dogecoin over the past 24 hours through trading.

Can I buy Dogecoin on Coinbase?

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

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024