Dogecoin – Rating, DOGE Current Price, Marketcap

Current Rating 29
Symbol DOGE
Price change, 1 hour 3.43%
Price change, 24 hours 42.41%
Price change, 7 days 30.64%
Current price, USD 0.01
Market capitalization, USD: 1 461 081 667
Available supply, DOGE: 128 136 378 598
Volume 24 hours, USD: 1 787 879 665

Dogecoin is a Bitcoin clone that has been able to succeed thanks to the right marketing approach. In recent years, hundreds of cryptocurrencies have appeared, but only a few of them were immediately able to become famous. The basis of this cryptocurrency was laid out by the principles of Litecoin. Changes made to the algorithm are extremely small.

The popularity of this type of electronic money is achieved, for the most part, by advertising and using the famous dog in the coin logo. The currency itself is extremely unstable, for the entire time of its existence, the value has skyrocketed and fell. Along with the price, the attitude of users also fluctuated - if initially the Dogecoin cryptocurrency charmed with its dog mascot, then over time it disappointed with constant price spikes and hacker attacks.

Almost immediately after the release of Dogecoin, its price began to grow rapidly. At the end of 2013, the cost of one DOGE grew by 300%, which allowed cryptocurrency to take a place in the top ten most popular in the world. The growth trend continued in January, after which it began to subside. The token has a number of advantages over competitors.

Firstly, the coin is cheap, even a novice investor with limited capital can buy a large amount of DOGE. Secondly, there are a lot of coins - the initial issue was 100 billion DOGE, but later it was decided to make it generally unlimited. Now the number of coins has already exceeded 120 billion. Thirdly, DOGE has practical application - Netizens use coins to make personal payments and pay for goods and services on the Internet.

The main feature is a quick mining period. A reward is issued every 60 seconds. At the same time, there is no need to purchase expensive equipment - an ordinary personal computer will be enough to mine DOGE. Dogecoin has a mechanism for artificial inflation in the amount of 5% of the annual issue. This means that every year about five billion new coins available for mining appear in the system.

FxPro
22 Jan, 2021   FxProBitcoin price tumbles to $28750

The cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000...

FxPro
21 Jan, 2021   FxProWhy did Bitcoin fall below $33000?

Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower. Data from Cointelegraph...

FxPro
20 Jan, 2021   FxProReasons Bitcoin abruptly dropped by 7.4% overnight

The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three...

FxPro
19 Jan, 2021   FxProWhy Ethereum has been rising faster than Bitcoin price in 2021

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning...

19 Jan, 2021   BTC Undecided, DeFi Sends Altcoin Surging

Bitcoin's price seems to have settled down somewhat following its major rally, and subsequent fall and correction. This has seen the coin now sitting...

FxPro
18 Jan, 2021   FxProBitcoin open interest hits $8.8B

Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion...


FxPro
15 Jan, 2021   FxProAnother double-digit growth for Bitcoin

Bitcoin's success story continues. After a brief pullback toward the $30K low, the benchmark cryptocurrency is once again aiming for $40K. Over the past 24 hours...

FxPro
14 Jan, 2021   FxProBitcoin Claws Back to $36400

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in March...

14 Jan, 2021   Crypto Market: A Good Start To The Year

Since the end of December, and even a little prior to that, Bitcoin has been on a tear away as its price ticked off major milestones along the way. Crossing the $20,000...