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Dogecoin

DOGE

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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) is an open-source, peer-to-peer digital asset inspired by the popular "doge" internet meme featuring a Shiba Inu dog. Created by Billy Markus and Jackson Palmer, Dogecoin was introduced in December 2013 as an alternative to Bitcoin, with the intention to reach a broader audience. Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant — with 10,000 new coins mined every minute and no maximum supply. The creators envisioned Dogecoin as a friendly digital asset, and this ethos is encapsulated in its unofficial tagline: "Do Only Good Everyday". Dogecoin operates on blockchain technology, a decentralized system that records transactions on a public ledger maintained by a network of computers or nodes. 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.

Dogecoin operates on a technology called blockchain, similar to other digital assets. This technology is a decentralized system that records information on a public ledger maintained by a network of computers known as nodes. The altcoin also has a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be created.

Dogecoin was created in December 2013 by Billy Markus, a programmer from Portland, Oregon, and Jackson Palmer, a marketer from Sydney, Australia. The creators intended Dogecoin to be a friendly, light-hearted digital asset that would appeal to more than just the core Bitcoin audience. The Dogecoin logo, featuring a Shiba Inu dog, was inspired by the popular "doge" internet meme. In 2014, a non-profit foundation was formed to provide support and governance for the Dogecoin project. After several years of inactivity, the foundation was relaunched in 2021 with a renewed focus on supporting the Dogecoin ecosystem and promoting the future of the Dogecoin blockchain.

Like many 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.

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 several other financial technology companies.

Market

Market stats

Market cap

$24.1B

Volume (24h)

$2.0B

Circulating supply

144.4B DOGE

Typical hold time

85 days

Popularity

#8

All time high

$0.74

Market performance

Price change (1h)

-0.17%

Price change (1d)

+1.12%

Price change (1w)

+8.1%

Price change (2w)

+14.69%

Price change (1m)

+11.6%

Price change (1y)

+131.09%

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Social

Some highlights about Dogecoin on social media

42,609 unique individuals are talking about Dogecoin and it is ranked #11 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Dogecoin has an average sentiment score of 3.1 out of 5. Finally, Dogecoin is becoming less newsworthy, with 25 news articles published about Dogecoin. This is a 35.71% decrease in news volume compared to yesterday.

On Twitter, people are mostly neutral about Dogecoin. There were 11.69% of tweets with bullish sentiment compared to 4.35% of tweets with a bearish sentiment about Dogecoin. 83.96% of tweets were neutral about Dogecoin. These sentiments are based on 26939 tweets.

On Reddit, Dogecoin was mentioned in 1427 Reddit posts and there were 2799 comments about Dogecoin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

42,609 people

Posts

17,309 posts

Dominance

0.57%

Volume rank

#11

Average Sentiment

3.1 out of 5

News Articles

25

Twitter

Reddit

Posts

1,427

Comments

2,799

Post Score

16,927

Comment Score

18,111

Coinbase Bytes

Doge

Takes: Elon Musk’s lawyers defend his ‘silly’ Dogecoin memes

COINBASE BYTES • APR 05, 2023

DOGE the Issue… “There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,” argued Elon Musk’s lawyers in court as they try thwart a $258 billion lawsuit accusing Musk of running a pyramid scheme focused on inflating the price of DOGE.
    Musk’s lawyers went on to defend his “innocuous and often silly tweets.”
    On Monday, Twitter, which Musk owns, changed its logo from its iconic blue bird, to Dogecoin’s Shiba Inu logo.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Dogecoin is on the rise this week.

The price of Dogecoin has decreased by 0.17% in the last hour and increased by 1.12% in the past 24 hours. Dogecoin’s price has also risen by 8.10% in the past week. The current price is $0.17 per DOGE with a 24-hour trading volume of $1.98B. Currently, Dogecoin is valued at 77.47% below its all time high of $0.74. This all-time high was the highest price paid for Dogecoin since its launch.

The current circulating supply of Dogecoin is 144,436,096,383.705 DOGE which means that Dogecoin has as total market cap of 144,436,096,383.705.

FAQ

What is the current price of Dogecoin?

We update our Dogecoin to USD 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 $24.06B. 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 $0.74. 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 $1.98B.

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.