DOGECOIN DOGE live coin price, charts, markets & liquidity

Dogecoin was originally created at least in part as a lighthearted joke for crypto enthusiasts, and took its name from a once-popular meme. When you buy Dogecoin, the person on the other side of the trade gets the money. Cryptocurrency exchanges maintain markets where people can submit buy or sell orders for cryptocurrencies. When your buy order is matched with a sell order, the person who submitted the sell order will get the money and you will get Dogecoin.

This application aligns with Dogecoin’s grassroots and community-oriented ethos, highlighting its value as a tool for online generosity and appreciation. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 926 exchanges. Based on the popular ‘Doge’ internet meme and featuring a Shiba Inu on its logo, Dogecoin (DOGE) is a cryptocurrency that was forked from Litecoin in December 2013. This popular and original canine-themed meme coin was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia.

DOGE Exchanges

Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer, with the aim of creating a fun and friendly alternative to other cryptocurrencies. Instead, it is an open-source cryptocurrency that is maintained by a decentralised community of volunteers who contribute to its development and promotion. As businesses and payment platforms explore cryptocurrency adoption, Dogecoin has the potential to gain traction in mainstream applications. Its low transaction fees and user-friendly design might appeal to companies looking to integrate digital currencies into their payment ecosystems. Recent discussions around accepting Dogecoin for goods and services, as well as its growing use in online commerce, suggest it could become a viable option for everyday transactions. Dogecoin’s efficiency as a digital currency makes it ideal for peer-to-peer payments.

Currency supply

Therefore, you may need to try multiple platforms to find one that supports Dogecoin. Its price is highly volatile and often influenced by social media trends or celebrity endorsements, such as those by Elon Musk. Additionally, Dogecoin’s inflationary design means its value is less likely to appreciate over time compared to cryptocurrencies with limited supplies. Dogecoin’s branding is based on the Shiba Inu “Doge” meme, which features a quirky dog with humorous inner monologues in Comic Sans text.

This monetary characteristic is putting inflationary pressure on the Dogecoin value, which in turn favors its use case as a method of payment instead of it being primarily a store of value asset. Thanks to its Scrypt-based hash function, Dogecoin miners have a chance to earn 10,000 DOGE via each block reward. It is worth noting that Scrypt technology prohibits the use of SHA-256 Bitcoin mining equipment. The Dogecoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Dogecoin can be bought on a variety of cryptocurrency platforms, including the Crypto.com App and Exchange.It’s also important to note that Dogecoin is not available on all platforms. Some cryptocurrency exchanges may not offer this token due to regulatory or other considerations.

Dogecoin Markets

If one or more of these ‘whales’ were to dump their holdings on the open market, the DOGE price would be very adversely affected. On its board are Gary Lachance, Jens Wiechers, Michi Lumin, and Timothy Stebbing. The foundation’s manifesto was signed by each of them, in addition to Ross Nicoll (Dogecoin Technical Advisor), Max Keller (Dogecoin Core Developer), and Billy Markus himself. One of Dogecoin’s greatest criticisms is the general perception that it lacks a real use case, which along with its infinite supply tends to provide plenty of ammunition for critics. According to the foundation’s website, members of the board will meet monthly to discuss issues relating to Dogecoin.

1. Since the update is a pure library, it will not provide a “runnable” node facility.
2. People can gain DOGE through solo mining or participation in a mining pool, as well as through websites that function as ‘faucets’ for the token.
3. The Dogecoin price has successfully completed its final retest of a crucial support level, signaling renewed potential for a significant rebound.
4. Dogecoin’s community has always been its backbone, driving its adoption and visibility.
5. Unlike cryptocurrencies relying heavily on centralized development teams, Dogecoin thrives on community-driven contributions and decentralized decision-making.

Popular dog-themed cryptocurrency Dogecoin DOGE/USD could swell as high as $23 this cycle, a noted cryptocurrency analyst delivered a bold prediction on Saturday. Based on the recurrent historical price action, the analyst predicts that Dogecoin could reach a new all-time high of $4.5. This massive surge would represent a staggering 1,306% increase from its current market price. Some businesses and platforms accept Dogecoin as payment for goods and services, though its use is not as widespread as other cryptocurrencies like Bitcoin or Ethereum. Musk’s involvement has also sparked debates about the role of celebrity influence in the cryptocurrency space.

At first glance, Dogecoin and Bitcoin might seem similar since both rely on blockchain technology and use a proof-of-work (PoW) system for transaction validation. Bitcoin is often referred to as “digital gold” due to its fixed supply of 21 million coins, which fosters scarcity and positions it as a store of value. In contrast, Dogecoin’s unlimited supply ensures it remains abundant and accessible, making it more suited for small transactions rather than long-term wealth preservation. Perhaps Dogecoin’s most defining feature is its vibrant and supportive community.

1. Dogecoin’s growth and adoption will likely depend on several factors, including broader cryptocurrency trends, regulatory developments and its ability to innovate.
2. For example, Polkadot is staked to secure the ecosystem, whereas Ethereum is burned to confirm transactions.
3. This application aligns with Dogecoin’s grassroots and community-oriented ethos, highlighting its value as a tool for online generosity and appreciation.
4. Dogecoin’s blockchain has merit with its underlying technology derived from Litecoin.
5. The blockchain rewards miners for their work by creating millions of new Dogecoins every day, which makes it very challenging for speculative price gains in Dogecoin to hold up over time.

During the 2017 to early 2018 cryptocurrency bubble, Dogecoin briefly reached a peak of $0.017 on January 7, 2018, putting its total market capitalization near $2 billion. Copying another project’s schedule called LuckyCoin, doge block rewards were completely random, meaning miners could receive anything from 0 to 1 million doge for mining a single block. The range of coins available for block rewards was tapered ldogecoin every 100,000 blocks until 2014 when the project’s founders decided to change the block reward system to a fixed schedule.

While his support has undoubtedly brought Dogecoin to mainstream attention, it has also highlighted the speculative nature of its value, with price surges often tied directly to his statements. Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, has become synonymous with Dogecoin. His frequent tweets and public endorsements have significantly impacted the coin’s popularity and market value. From calling Dogecoin “the people’s crypto” to joking about it becoming the “currency of Mars,” Musk’s influence has driven both excitement and volatility in the Dogecoin market.

Both had envisioned Dogecoin as a fun cryptocurrency that would have greater appeal beyond the core Bitcoin audience. Bitcoin’s block time averages about 10 minutes, while Dogecoin processes transactions in just one minute. This efficiency, combined with Dogecoin’s lower transaction fees, makes it a practical choice for everyday use, such as the tipping and micro-payments use case mentioned above.

In May 2022, creator Billy Markus reinforced the early usage of DOGE in tipping as its best possible utility going forward, stressing that this aligns with the mission of Dogecoin of bringing happiness. He also suggested that its usage as currency as well as the creation of a Dogecoin/Ethereum bridge to enable its use in Web3 applications would cement its future. Along with the humor inherent to its concept, the creators of DOGE also intended to advertise the benefits of cryptocurrency.

DOGE is mined using the Scrypt algorithm, which is a relatively fast form of mining. As a first assignment, the Board of Advisors will be working to secure three-year funding that would allow it to employ a small, dedicated staff to work on Dogecoin full-time. If history is repeated and DOGE eventually hits $23, that would mean a staggering 7185.4% upside. In trading, fractals are recurring patterns of price movements that can help identify reversal points in the market. A bullish fractal pattern occurs when the price is in a downtrend, followed by a bounce back, resembling a U.