Currently, the coin is trading below the year’s peak price of $0.414, which was observed on January 17, 2025, but the trend is expected to change, and a positive outbreak can be expected. The DOGE/USD pair is expected to reach the $1.69 mark by 2031, so holding it for longer can be beneficial. Dogecoin (DOGE) is a cryptocurrency that was created in December 2013 as a lighthearted and playful altcoin project. It was inspired by the popular « Doge » internet meme featuring a Shiba Inu dog with captions written in broken English.
Typically, Dogecoin isn’t listed against fiat currencies, so you will likely have to first acquire some Bitcoin and then trade it for Dogecoin on an exchange. Alternatively, you could ask a friend to send you some DOGE or earn it through mining. Dogecoin is an open source peer-to-peer (P2P) cryptocurrency launched in December 2013 by software engineers Billy Markus and Jackson Palmer. Dogecoin was initially launched as a parody project, poking fun at the wild speculation and grandiose plans permeating the crypto sector in the early 2010s.
$500 is worth nearly 2,305 DOGE in September; however, this amount changes based on day-to-day price fluctuations. Moving ahead, the upper Bollinger Band has shifted to $0.289, indicating the previous resistance point. Conversely, the lower Bollinger Band has moved to $0.227, showing the support point. Moreover, the upper limit of the Bollinger Bands indicator, indicating the previous resistance level, has shifted to $0.274, whereas its lower limit, serving as the support, has moved to $0.184. MoonPay makes it easy to sell DOGE when you decide it’s time to cash out your crypto. Simply enter the amount of Dogecoin (DOGE) you’d like to sell in the MoonPay widget and enter the details where you want to receive your funds.
- If it feels like you’ve been hearing the name “Dogecoin” more often lately – you’re not imagining things!
- It has survived multiple market cycles, continues to rank in the top ten by market cap, and its merge-mined network with Litecoin provides security.
- But Dogecoin remains the top dog among the 10 most valuable cryptocurrencies by market cap.
- The triggers are anchored to objectively verifiable events and market microstructure, so you can update the bias as new data arrives.
- Other events such as Bitcoin halving cycles, ETF approvals, or U.S. macro policy shifts also affect DOGE indirectly by moving the broader crypto market.
- Since its launch in 2013, Dogecoin has built a reputation for extreme volatility.
The circulating supply of Dogecoin is $150,924,576,384, out of a total supply of $150,934,746,384. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. Since the update is a pure library, it will not provide a “runnable” node facility. However, Libdogecoin will support multiple languages, including Python, Node.js and Ruby.
DOGE Price Chart
Showing market cap and how it’s compared to different cryptocurrencies. X2,x10, etc. means if the price of Dogecoin (DOGE) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins. According to the Dogecoin price forecast for 2031, traders can expect minimum and maximum prices of $1.56 and $1.69, and an expected average DOGE price of $1.62.
Current Dogecoin market cap?
The sharing of the mining infrastructure provides stability and legacy support for the Dogecoin network. While Dogecoin’s simplicity is its strength, introducing enhancements such as scalability solutions or interoperability with other blockchains could further cement its position in the crypto market. Like all cryptocurrencies, Dogecoin’s future will be shaped by regulatory changes.
The often wild popularity and rallies in the price of DOGE often work in its favor safety-wise, as how to buy stepn nft when the price rises, so does the profitability of mining. This causes more miners to start mining DOGE, meaning more computational power is dedicated to the network’s security. DOGE is mined using the Scrypt algorithm, which is a relatively fast form of mining. The blocks, which are mined every minute, have a block reward of 10,000 DOGE. Starting right from its launch, Dogecoin has branded itself as a fun, laid-back, community-oriented cryptocurrency that aims to do good in the world.
Compatibility with Crypto Mining
- The coin is inspired by a popular online meme of a Shiba Inu dog and employs the Scrypt algorithm, which allows users to mine DOGE with far less energy than SHA-256-based cryptocurrencies like bitcoin.
- From a technical standpoint, Dogecoin originated as a fork of Luckycoin, which is itself a fork of Litecoin, one of the oldest and most trusted cryptocurrencies in the sector.
- An investment into Dogecoin is seen by some as a bet on its potential to grow into a real cash alternative.
- The project’s design envisions that the DOGE circulating supply will continue to grow to infinity as Dogecoin has no maximum supply.
- On the derivatives side, open interest recently hovered around $3.3 billion, with spikes above $3.7 billion in mid-August 2025.
Alternatively, you could pay an online data center to mine DOGE on their behalf. The highest price ever for one Dogecoin (DOGE) was $0.690 on 08 May 2021, 4 years ago. Due to its low transaction fees and constant patronage from Elon Musk, a number of traditional companies have moved to make Dogecoin a payment option. 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.
The validated transactions are then incorporated into blocks and immutably stored on the Dogechain ledger. The coin is inspired by a popular online meme of a Shiba Inu dog and employs the Scrypt algorithm, which allows users to mine DOGE with far less energy than SHA-256-based cryptocurrencies like bitcoin. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin.
Market ranking and capitalization
Since its launch in 2013, Dogecoin has built a reputation for extreme volatility. Unlike Bitcoin or Ethereum, where fundamentals play a larger role, DOGE price swings are driven mostly by speculation, community hype, and external signals like celebrity endorsements. DOGE is still listed on every major exchange, including Binance, Coinbase, and Kraken, with deep order books and active spot trading. On the derivatives side, open interest recently hovered around $3.3 billion, with spikes above $3.7 billion in mid-August 2025. This confirms that despite price stagnation, traders continue to speculate on Dogecoin at scale.
Crypto News and Dogecoin’s Potential in 2025
Companies such as Tesla and AMC have accepted DOGE for purchases in the past, which gave it added legitimacy. Recently a whale has stirred the pot with some swings in trading volume. On August 29, approximately 680 million DOGE worth 161 million dollars was traded in a day, causing a 160 percent increase in trading volume. Analysts are pointing to key support levels around $0.22, with resistance between $0.238 and $0.26.
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