Price
DOGEUSD
Dogecoin
24h Change
24h High
24h Low
Overview
• 2013 launch; opening price about $0.00026 per DOGE.
• Single-asset price, free-float supply-demand market calculation.
• Constituents: 1 native token.
• Block time: 1-minute intervals, 24/7 trading updates.
• Read ‘What is DOGECOIN’ for full background.
Market data may be delayed; not investment advice.
Price Chart
Technical Details
Algorithm
Scrypt (similar to Litecoin)
Block Time
Approximately 1 minute, enabling faster confirmations
Supply
Unlimited supply (no maximum cap)
Market Capitalization
Can vary significantly based on market sentiment
Network Support
Backed by a community of enthusiasts and developers who actively maintain the network
Why Trade Dogecoin?
Liquidity
High trading volumes on most major cryptocurrency exchanges
Community-Driven Growth
Social media hype and community efforts can rapidly influence price movement
Ease of Use
Simple wallet setup and quick transactions enable new traders to get involved easily
Versatility
Used for tipping content creators and micro-donations
Pros & Cons
Advantages
- Strong online community support
- Quick transaction confirmations
- Affordable transaction fees
Disadvantages
- High volatility
- Perception as a “meme” asset can affect credibility
- Limited real-world utility compared to more established cryptocurrencies
Frequently Asked Questions
What makes Dogecoin different from other cryptocurrencies?
Dogecoin started as a meme coin but is now recognized for its fast transaction times, low fees, and strong community spirit.
Is Dogecoin a good long-term investment?
It depends on your risk tolerance. Dogecoin is highly volatile, and its price can fluctuate rapidly based on social media sentiment and market trends.
Why does Dogecoin have no supply cap?
The creators designed Dogecoin with an unlimited supply to encourage usage and discourage hoarding. This aspect helps keep transaction fees relatively low but can also contribute to inflationary pressure on the coin’s value.
How can I buy Dogecoin?
You can purchase Dogecoin on most major cryptocurrency exchanges by trading it for fiat currency (like USD) or other cryptocurrencies (like BTC or ETH).
What is the community’s role in Dogecoin’s success?
Community support is central to Dogecoin’s popularity. From online tipping to charitable fundraisers, the enthusiasm and engagement of the community have played a vital role in growing the coin’s adoption.
