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Dogecoin

Dogecoin is an open-source, peer-to-peer digital currency.

What is Dogecoin?

Dogecoin is an open-source, peer-to-peer cryptocurrency that originated as a lighthearted alternative to traditional digital currencies. Launched in December 2013 by software engineers Billy Markus and Jackson Palmer, it features the Shiba Inu dog from the 'Doge' meme as its logo. Despite its humorous beginnings, Dogecoin has developed a strong community and is used for various transactions and tipping online.

How Does Dogecoin Work?

Dogecoin operates on a decentralized blockchain network, utilizing a proof-of-work consensus mechanism similar to Bitcoin. It employs the Scrypt algorithm, which allows for faster block times and more accessible mining. Transactions are processed quickly, typically within one minute, making it suitable for small, everyday transactions.

What Makes Dogecoin Unique?

Dogecoin's uniqueness lies in its vibrant and active community, known for promoting generosity and fun within the cryptocurrency space. It has been used for various charitable causes and crowdfunding efforts. Additionally, Dogecoin's inflationary supply model, with 10,000 new coins mined every minute and no maximum supply, encourages spending and tipping rather than hoarding.

Who Are the Founders of Dogecoin?

Dogecoin was created by Billy Markus, a software engineer from IBM, and Jackson Palmer, a product manager at Adobe. They developed Dogecoin as a fun and approachable alternative to Bitcoin, aiming to reach a broader audience and introduce them to the world of cryptocurrencies.

Latest News

What Key Events Have There Been for Dogecoin?

In January 2025, Grayscale Investments launched the Grayscale Dogecoin Trust, providing investors with exposure to Dogecoin as part of its strategy to leverage growing interest in alternative cryptocurrencies. Additionally, in November 2024, Dogecoin's value surged following the announcement of a new 'Department of Government Efficiency' (DOGE) led by Elon Musk and Vivek Ramaswamy.

Project Announcements

In August 2021, the Dogecoin Foundation announced its re-establishment with a renewed focus on supporting the Dogecoin ecosystem and community. Notable advisors such as Ethereum co-founder Vitalik Buterin and Jared Birchall, representing Elon Musk, joined the foundation to promote the future of the Dogecoin blockchain.

Upcoming Events

No data

Projects Announcements

Where to Buy Dogecoin?

Dogecoin can be purchased on various cryptocurrency exchanges, including Binance, Coinbase, and Kraken. It is commonly traded against fiat currencies like USD and EUR, as well as other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Dogecoin Price

Daily Trading Volume

As of July 4, 2025, Dogecoin's daily trading volume is approximately $1.2 billion, reflecting active market participation.

All-Time High

Dogecoin reached an all-time high of $0.73 on May 8, 2021. Compared to the current price of $0.162408, it has decreased by approximately 77.7%.

All-Time Low

Dogecoin's all-time low was $0.00008547 on May 7, 2015. Compared to the current price, it has increased significantly.

Market Cap and Valuation

Market Cap

Dogecoin's current market capitalization is approximately $21.5 billion, ranking it among the top cryptocurrencies by market cap.

Fully Diluted Valuation

Due to Dogecoin's inflationary supply model with no maximum supply, calculating a fully diluted valuation is complex. However, the continuous addition of 10,000 DOGE per minute influences its valuation dynamics.

Dogecoin Price Prediction

While Dogecoin's price is influenced by factors such as market sentiment, adoption, and endorsements from public figures, specific price predictions are speculative. As of now, there are no available forecasts from reliable experts or publications.

FAQ

What is the Purpose of Dogecoin?

How Can I Participate in Dogecoin's Ecosystem?

What Sets Dogecoin Apart from Competitors?

Is Dogecoin Secure?

What are the Risks Associated with Dogecoin?

Community Sentiment

24.43K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.