About Dogecoin
Originally created as a joke in 2013 by IBM engineer Billy Markus and Adobe developer Jackson Palmer, Dogecoin (DOGE) has evolved into a multi-billion-dollar cryptocurrency phenomenon. Its rise was fueled by endorsements from high-profile figures like Elon Musk, who frequently tweeted about it in 2021.
Forked from Luckycoin and Litecoin, Dogecoin has no supply cap. Beyond its meme status, DOGE is used for tipping on platforms like Reddit and Twitter, adding utility to its ecosystem.
👉 Discover trending memecoins like Dogecoin
Current Dogecoin Metrics
- Price: $0.16614 USD (+2.12% in 24h)
- Market Cap: $24.91B USD
- 24h Trading Volume: $1.33B USD
- Circulating Supply: 149.95B DOGE
Price Performance Overview
- Weekly: +4.67%
- Monthly: −11.73%
- Yearly: +40.37%
Historical Milestones
- All-Time High (ATH): $0.48750 USD (June 3, 2021)
- All-Time Low (ATL): $0.04908 USD (June 18, 2022)
Technical Insights
Today’s technical analysis for DOGE indicates a sell signal, with similar weekly and monthly ratings. For informed decisions, review:
Where to Buy Dogecoin Safely
Reputable exchanges like Binance, Coinbase, and Kraken offer secure DOGE trading. Alternatively, trade directly via TradingView charts by linking a broker account.
FAQ
1. Is Dogecoin a good investment in 2024?
While DOGE has shown volatility, its community support and niche utility (e.g., tipping) offer unique value. Diversify research with technical and fundamental analysis.
2. What drives Dogecoin’s price?
Factors include social media trends (e.g., Elon Musk’s tweets), market sentiment, and broader crypto market movements.
3. How does Dogecoin differ from Bitcoin?
Unlike Bitcoin’s capped supply (21M), DOGE has unlimited issuance and faster transaction speeds, prioritizing accessibility over scarcity.
Final Thoughts
Dogecoin remains a high-risk, high-reward asset. Stay updated via crypto news and community discussions to navigate its volatility.
Pro Tip: Use our Cryptocurrency Screener to explore emerging altcoins.
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