Dogecoin

Dogecoin(DOGE) Price

USD USD
$0.208906 +8.93%

Price of Dogecoin(DOGE) Today

The live price of Dogecoin (DOGE) is $0.208906.The current market capitalization stands at $31.35B, with a 24-hour trading volume of $6.72B.Dogecoin has experienced +8.93% in the last 24 hours and has a circulating supply of approximately 150.10B.These figures are updated in real-time to provide the most accurate market data.

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Dogecoin(DOGE) Profile

Price Range (24h)
24h Low: $0.191783 24h High: $0.209725
ATH
$0.731578
Price Change (1h)
+0.13%
Price Change (24h)
+8.93%
Price Change (7d)
+18.25%
Market Cap
$31.35B
24h Vol
$6.72B
Circulating Supply
150.10B
Total Supply
150.12B

About

What Is Dogecoin?

Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that started as a lighthearted parody of Bitcoin—but quickly evolved into one of the most recognizable and traded cryptocurrencies in the world. Launched in December 2013, Dogecoin features the iconic Shiba Inu dog from the "Doge" meme and was originally created to bring humor and accessibility to the crypto space.

Despite its origins as a joke, Dogecoin has developed a loyal community, widespread acceptance for tipping and payments, and a reputation as the internet’s favorite “fun” currency. Dogecoin can be bought on specialized exchanges and DOGE can also be traded for using other cryptocurrencies.

Who Created Dogecoin?

Dogecoin was created by Billy Markus and Jackson Palmer, two software engineers who wanted to create a more approachable and less serious version of Bitcoin. Markus forked the Litecoin codebase, while Palmer helped promote the coin and its meme-powered branding.

The result was a cryptocurrency with faster block times and virtually unlimited supply—designed for microtransactions, tipping, and fun community use.

How Dogecoin Works

Dogecoin is based on a Proof of Work (PoW) consensus mechanism similar to Bitcoin and Litecoin. It uses the Scrypt algorithm, allowing for faster transaction confirmation and lower computational complexity. Dogecoin’s block time is just 1 minute, and it supports merged mining with Litecoin, meaning miners can secure both networks simultaneously.

Unlike Bitcoin, which has a capped supply, Dogecoin has an uncapped total supply, with 10,000 new DOGE issued per block - a design choice intended to encourage spending rather than hoarding. Around 5 billion DOGE are added each year, which encourages active circulation rather than long-term hoarding.

What Dogecoin is Used For

Originally popularized as a tipping currency on Reddit and Twitter, Dogecoin has grown into a widely accepted means of payment and value transfer. Its primary use cases include online tipping and microdonations, peer-to-peer payments, charity and crowdfunding initiatives, and speculative trading allocation. It’s also used for community-driven campaigns - including viral fundraisers and sponsorships—thanks to its highly engaged social following.

Dogecoin and Elon Musk

One of Dogecoin’s most vocal and influential supporters is Elon Musk, the CEO of Tesla and SpaceX. Musk’s frequent tweets and public endorsements have had a dramatic effect on Dogecoin’s visibility and price. He has referred to Dogecoin as the “people’s crypto” and even hinted at using it for future payments within Tesla or on Mars. While Musk’s influence has fueled speculation, it has also brought mainstream attention and renewed developer interest to the Dogecoin ecosystem.

Dogecoin(DOGE) Price Movements ($)

PeriodAmount ChangeChange (%)
Today+$0.017124+8.93%
7 Days+$0.032248+18.25%
30 Days+$0.028835+16.01%

Dogecoin(DOGE) Conversion Rate

FAQ

What is Dogecoin used for?

Dogecoin is primarily used for tipping, microtransactions, and peer-to-peer payments. Its fast block time and very low transaction fees make it ideal for sending small amounts of crypto. It’s also accepted by some merchants for online purchases, and has been used in crowdfunding, charity campaigns, and even sponsorships (like sending the Jamaican bobsled team to the Olympics).

Does Dogecoin have a maximum supply?

No. Unlike Bitcoin, Dogecoin has an uncapped supply. Approximately 10,000 DOGE are created every minute, which adds around 5 billion DOGE per year to circulation. This inflationary model encourages spending and regular use of the currency, rather than hoarding it as a scarce asset.

Can Dogecoin be mined?

Yes. Dogecoin is a mineable cryptocurrency that uses the Scrypt algorithm, similar to Litecoin. In fact, Dogecoin supports merged mining with Litecoin, allowing miners to earn DOGE and LTC simultaneously without using additional energy. Dogecoin mining can be done using ASIC hardware or mining pools.

Is Dogecoin just a meme coin?

While Dogecoin started as a meme in 2013, it has since grown into a legitimate digital currency with a strong community and real-world usage. It’s used for payments, tips, and donations, and has a vibrant online following. Several developers and contributors continue to improve the Dogecoin network, ensuring it remains functional and secure.

Where can I buy and store Dogecoin?

Disclaimer

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