Price
$0.33642
24h% change
25.3%
Volume (24h)
$9.323B
Market Cap
$49.554B
Dogecoin emerged on December 6th, 2013, inspired by the popular "Doge" Internet meme and distinguished by its logo featuring a Shiba Inu.
The project's codebase originated as a fork of Litecoin, inheriting most features, including the hashing algorithm. The primary distinctions lay in branding and a notably expansive supply.
Initially introduced as a "joke currency," Dogecoin swiftly cultivated its distinct online community, attaining a market capitalization of US$60 million by January 2014. Its coin production schedule was notably rapid compared to other cryptocurrencies: 100 billion coins circulated by mid-2015, followed by an annual addition of 5.256 billion coins. By June 30, 2015, the 100 billionth Dogecoin had been mined.
Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, collaborated to create Dogecoin, aiming to craft an amusing cryptocurrency that would extend beyond Bitcoin's core audience. Primarily used for tipping on Reddit and Twitter, users tip one another for generating or sharing quality content. The community actively engages in fundraising endeavors for worthy causes.
Since 2015, the developers haven't implemented significant alterations to Dogecoin. This stagnancy might result in Dogecoin falling behind, prompting some Shiba enthusiasts to shift towards more advanced platforms like Ethereum. Dogecoin's strength lies in its relaxed and jovial community. However, this informality is also considered a drawback, as other currencies project a more professional image.
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Dogecoin ’s historic highest price is $0.73158, which was recorded on 8th of May 2021. Currently, Dogecoin ’s price is %54 Lower than its historic high.
Dogecoin ’s historic lowest price is $0.00009, which was recorded on 6th of May 2015. Currently, Dogecoin ’s price is %387238.1 Higher than its historic low.
Let's take a look at the important factors that impact Dogecoin 's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.